Final Friday June 10, Hong Kong-listed actual property agency, New World Growth, grew to become Asia’s first non-financial company to challenge a USD-denominated social bond within the public bond markets. The issuance additionally marked the primary time {that a} Larger China-headquartered firm had closed a USD-denominated inexperienced perpetual facility within the public area.
The twin-tranche providing comprised a $200 million greenback social word with a coupon price of 5.875%, which priced at 290 foundation factors over US Treasuries and a $500 million inexperienced perpetual word with a coupon of 6.15%.
An announcement by the agency detailed that the bonds had been practically 5 occasions oversubscribed at …
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