Yanlord prices $400 million bond at tight end

Yanlord Land last night priced a $400 million bond after attracting $2 billion in orders, but it is hard to say whether other Chinese high-yield property plays will follow.

China property developer Yanlord Land last night priced a $400 million seven-year non-call-four Reg-S/144a bond. The bonds priced at a yield of 10.625%, at the tight end of the 10.625% to 10.75% final guidance. The notes were offered at par.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media