Hong Kong's Glorious Property delays dollar issue of global bonds

By Christine Van Dusen

Atlanta, April 28 - Hong Kong-based Glorious Property Holdings Ltd. has postponed its planned issue of dollar-denominated global bonds (expected ratings B1/B+), according to a market source.

This followed a roadshow that started April 15 via Deutsche Bank, JPMorgan and Standard Chartered Bank.

Some market sources say the delay is due to too much competition in the market. Others blame the contagion effect from Greece's debt crisis.

Glorious Property Holdings is a property developer.

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