On January 10, 2014, ABC International is honored to have acted as the Joint Bookrunner and Joint Lead Manager for China Aoyuan Property Group Limited (HKSE: 3883) 11.25% USD 300M 5-year senior unsecured notes. The issue is rated B3 (Moody’s), B+ (Fitch) and B- (S&P).
With the joint efforts of ABCI and other underwriters, the transaction was well-received by international capital markets with 3.2x over-subscription. The sole investor orders brought by ABCI provided a solid foundation for this successful transaction. The bond proceeds will assist the issuer in optimizing the debt structure as well as offer rooms for business expansion.