Beijing Properties, a Hong Kong-listed developer of warehouses and logistics centres, returned to the international bond market on Wednesday, raising $300 million through the sale of a three-year bullet.
The Hong Kong-listed group, which boasts Amazon and JD.com among its clients, managed to generate more than $2.6 billion of demand for its deal at the peak, although the final order book had fallen to $1.8 billion after a cut in price guidance. Some 60 accounts participated in the transaction, according to bankers running the deal.
Beijing Properties is partly owned by Beijing Enterprises Group BEG, a state-owned investment conglomerate that controls eight Hong Kong-listed...
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