This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Country Garden Plans $2bn Share & Convertible Sale
May 27, 2021
Property giant Country Garden plans to raise HK$15.5bn ($2bn) via a share sale and a convertible bond issue. Proceeds from the issuance will be used to fund merger and acquisition projects. The share sale by the property management arm would amount to HK$10.5bn ($1.35bn) at HK$75.25/share. Convertible bonds would fill the remaining HK$5bn ($650mn) of the issuance with a conversion price of HK$97.83/share.
Country Garden’s bonds were flat – its USD 4.8% 2030s were at 104.9, yielding 4.06% and its 7.125% 2022s were at 103.6, yielding 1.6%.
For the full story, click here
Go back to Latest bond Market News
Related Posts:
Sunac’s New $1.1 Billion Dual Trancher Over 6x Covered
January 22, 2021
Evergrande’s EV Unit Raises $3.4 Billion via Share Sale
January 25, 2021
CFLD to Set Up Creditor Committee Led By Ping An and ICBC
January 29, 2021
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.