China’s Country Garden eyes RMB 3 billion bonds in fourth quarter

By Marisa Wong

Morgantown, W.Va., Oct. 18 – Country Garden Holdings Co. Ltd. is looking to issue up to RMB 3 billion of domestic corporate bonds in the last quarter of 2016, according to a company notice.

Guotai Junan Securities Co., Ltd. will act as underwriter.

Pricing will be determined through a bookbuilding process.

Proceeds are expected to be earmarked for general working capital purposes.

Country Garden is a Foshan, China-based real estate developer focused on large-scale residential communities.

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