Country Garden re-opens Asia's high-yield debt markets

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    clpstaff &clp articles

    Country Garden, a Guangdong province-based property developer, has closed a deal to issue US$300 million-worth of straight high-yield debt. The debt was…

    Country Garden, a Guangdong province-based property developer, has closed a deal to issue US$300 million-worth of straight high-yield debt. The debt was issued for five years at 11.75%

    JP Morgan helped Country Garden, which was the first such issuance to close in Asia in over a year.

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