Far East Consortium makes its dollar debut

It has been a long time coming but the hotels, property investment and car park group finally makes its debut in dollars.
Queen's Wharf project, Brisbane
Queen's Wharf project, Brisbane

Hong Kong-listed Far East Consortium made its debut in the dollar bond markets on Wednesday with an unrated  $300 million issue.

A transaction by the hotels, property investment and car park group has been a long time coming.

It first tried and failed to access the market in 2012 at a time when Chinese property credits were out of favour and turned to the dim sum market a few months later to raise Rmb1 billion $150 million instead.

That deal matured earlier this year and was re-paid after the group took out a HK$1.35 billion $174 million syndicated loan in February.

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