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Published on 10/29/2007 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

China's Country Garden announces dollar-denominated two tranche bond offering

By Aaron Hochman-Zimmerman

New York, Oct. 29 - Country Garden announced plans for a dollar-denominated two tranche bond (Ba1/BBB-/) offering, according to a market source.

The tranches are expected to have five- and 10-year maturities.

Morgan Stanley and UBS will act as bookrunners for the Rule 144A and Regulation S deal.

Country Garden is a Shunde, China-based real estate developer.


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