ASIA-PACIFIC

摘要

Shimao property holdincs priced a US$300m tap of its 8.375% February 10 2022 Reg S bonds last week, highlighting the lingering demand from Asia investors for Chinese property credits, despite the restructuring of Kaisa Group. Money managers are particularly interested in well-known names with Double B ratings, according to a banker on the deal, which priced at 101.723 to yield 8.0% and lifted the issue size to US$1.1bn. "We definitely see bids for high yield," said the banker. "Good names are still worth a try. The sentiment is better than earlier this year."