KWG upsizes its bond to $400 million after attracting a $1.5 billion order book. Separately, DBS revisits the bond markets with a $750 million subordinated bond.
The curtain is closing on Chinese high-yield property deals with KWG Property's $250 million bond last week seeing muted demand. But China Oriental's $550 million issue suggested investors are still interested in other sectors.
Chinese property developer KWG Property raises $197 million for land acquisitions and IndiaÆs United Spirits sells $188 million worth of shares to pay down debt.