ASIA-PACIFIC

摘要

China sce property holdings priced a US$350m offering of senior five-year non-call three bonds at 99.041 to yield 10.25%. The coupon is 10%. The offering drew orders of over US$1.2bn from over 100 accounts. Asia was allocated 89%, while the remainder went to Europe. Funds took 59%, funds 31%, banks and PBs 8% and others 2%. The Reg S-only bonds are expected to score ratings of B2 from Moody's and B- from S&P. HSBC and JP Morgan were joint global coordinators on the offering, as well as joint bookrunners with Haitong International, Huatai Financial Holdings (HK), ICBC International, Nomura and VTB Capital.