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China property names keep bond market busy

By Morgan Davis 07.00 AM Times China Holdings, Yango Group and Greenland Hong Kong Holdings, all of which are real estate developers, raised $840m between them from the bond market on Thursday, continuing a recent revival in issuance from the sector. Ba3/BB-/BB- rated Times China Holdings sold a $400m three non-call two year bond. The transaction was opened at the 6.05% area. The order book shot up to $1.9bn, including $500m from the leads, before 10am Hong Kong time. By 10:30am, the book reached $2.5bn, and climbed . Already a subscriber? Login


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