Companies

Country Garden to meet investors for dollar bond -source

(Agencies)
Updated: 2010-04-08 10:24
Large Medium Small

Chinese developer Country Garden has hired JPMorgan and Goldman Sachs to manage a planned benchmark-sized, seven-year dollar bond sale, a source close to the deal said.

Related readings:
Country Garden to meet investors for dollar bond -source Country Garden blooms on record 2009 lending
Country Garden to meet investors for dollar bond -source But rival developer Yang feels the pinch
Country Garden to meet investors for dollar bond -source Regulator to keep track of realtors
Country Garden to meet investors for dollar bond -source Vanke, Gemdale report higher income

The company would meet investors in Hong Kong, Singapore, London and New York from April 9 to 14 ahead of the planned sale, the source said on Wednesday.

The proceeds would be used to refinance local currency convertible bonds due in 2013 worth 4.3 billion yuan ($630 million), the source said.

Country Garden plans to invite tenders to buy back its convertible bonds.
Specials
Columnists
China Daily E-paper