Content area
Full text
Chinese property developer Modern Land (China) Co is making a comeback to the international green bond market, opening books for a short-term trade on Thursday morning.
Modern Land made its green dollar debut in October 2016, when it was also the first high yield name from China to sell an offshore green deal. It first raised $350m from 6.875% 2019s, before tapping the bond in December last year to raise an additional $150m.
The B+ (Fitch) rated company is now seeking another green transaction, opening a 363 day deal at the Asia market open, with guidance in the 6.5% area. The bonds are unrated and the funds...