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UPDATE 1-China Evergrande tops Asia borrowers with fresh dollar bond tap, raises $6.6 bln so far [Reuters (UK)]

Mitsubishi UFJ Financial Group, Inc (MUFG)  More Company Research Source: Reuters
PDF China Evergrande tops Asia borrowers with fresh dollar bond tap, raises $6.6 billion so far - Reuters 3 Min Read HONG KONG (Reuters) - China Evergrande Group became Asia’s biggest bond market borrower excluding Japan so far this year after a $1 billion tap of its latest issue took the mainland property developer’s total sales so far to $6.6 billion. China’s third largest developer said on Monday it had sold $200 million in three-year notes, and an additional $400 million each in four- and five-year bonds. The notes carry coupons of between 9.5 and 10.5 percent, and have the same terms and conditions as $2 billion of bonds Evergrande sold last week. Evergrande has now tapped bond markets for a total of $6.6 billion this year, according to data from Refinitiv, including those issued through subsidiary Hengda Real Estate Group. Its latest sale took it past Chinese gaming giant Tencent, which sold $6 billion of bonds earlier this month. Including Japan, Evergrande is Asia’s second-largest [Read more]
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