Property News · August 2, 2017

Sunac to sell up to US$1 billion of bonds to refinance debt from its shopping spree for assets


Sunac China, one of the country’s biggest asset buyers in the past year, is planning to sell up to US$1 billion in dollar-denominated bonds to raise funds to refinance its debt, after a six-month, 100 billion yuan (US$14.9 billion) shopping spree for theme parks, a video streaming company and a carmaker.
The developer has been allocated the note sale quota from the National Development & Reform Commission (NDRC), with the price offered by Sunac at between 7.5 per cent and 8.5 per cent…

Source : South China Morning Post
Read more…Sunac to sell up to US billion of bonds to refinance debt from its shopping spree for assets

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