CHINA EVERGRABDE GROUP, rated B1/B+, on Thursday printed a U5$2bn two-tranche offering that drew US$8.7bn in orders. The deal, however, was not as large as some investors had feared and removed an overhang over the high-yield Chinese property segment. A US$lbn three-year tranche and a US$1bn four-year non-call two tranche were priced at par to yield 11.5% and 12.0%, respectively, both 50bp tighter than initial guidance of 12.0% area and 12.5% area.
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机译：评级为B1 / B +的中国恒大集团本周四发行了20亿美元的U5债券，分两批发行，吸引了87亿美元的订单。然而，这笔交易并不像一些投资者所担心的那么大，并消除了高收益中国房地产市场的悬念。三年期优先债券的价格为10亿美元，四年期非优先票据的价格为10亿美元，第二年的价格分别为票面价格，分别为11.5％和12.0％，均较最初指导的12.0％和12.5％的水平紧缩了50个基点。
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