ASIA-PACIFIC

摘要

GUORUI PROPERTIES went some way towards addressing its refinancing risk last week with a US$160m three-year bond issue that relied heavily on the support of its chairman. The Hong Kong-listed Chinese real estate company on February 25 priced the 13.5% senior bonds at 97 and will use the proceeds to refinance two offshore bond issues, according to a stock exchange filing on February 26.