ASIA-PACIFIC

摘要

CHINA EVERGRANDE GROUP, rated B1/B+/B+, last Monday raised US$1bn from the reopening of the US$2bn three-tranche fixed-rate senior notes that it priced earlier this month. It sold an additional US$200m of the 9.50% bonds due April 2022, bringing the total outstanding to US$1.45bn. It also sold an additional US$400m of both the 10.00% bonds due April 2023 and 10.50% bonds April 2024, bringing the totals outstanding to US$850m and US$700m, respectively. All three tranches were priced at par, in line with price guidance.