Guangzhou RF Properties, a leading Chinese developer, raised $265 million last week from a US dollar five-year non-call three bond deal, returning to the international capital markets for the first time in almost three years.
The Ba3BBB rated homebuilder joined a end-of-year fundraising rush, turning to the market a day after KWG Property issued a $250 million bond and Modern Land sold a $150 million deal.
The Hong Kong-listed company went out with a price guidance at 5.95%, eventually pricing the callable note at 99.146% with a coupon of 5.75%. The bond traded up on its debut on Tuesday, being quoted at a mid-price...
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