trending Market Intelligence /marketintelligence/en/news-insights/trending/m_GeX50vxS9FGM394UAnWA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Yuexiu Property to issue 8B yuan of bonds in China

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Yuexiu Property to issue 8B yuan of bonds in China

YuexiuProperty Co. Ltd.'s Guangzhou City Construction & DevelopmentCo. Ltd. is seeking to publicly issue guaranteed interest-bearing corporatebonds worth not more than 8 billion Chinese yuan.

Guangzhou Yue Xiu Holdings Ltd. will guarantee the bonds,which will be issued to qualified Chinese investors. The bonds will be listedon the Shanghai Stock Exchange upon issuance.

The corporate bond issuance is expected to diversify thegroup's portfolio of financial instruments as well as effectively reducefinancing costs and optimize its debt structure.

The issuance requires approvals from the China Securitiesand Regulatory Commission and the Shanghai bourse, depending on the marketconditions. The coupon rate of the bonds will be determined after bookbuilding.

Guangzhou Securities Co. Ltd. and Jiuzhou Securities Co.Ltd. will act as joint lead underwriters of the bond issuance.

As of May 6, US$1 wasequivalent to 6.50 Chinese yuan.