Sino-Singapore Jingwei client, May 19 (Luo Kun) After zeroing throughout April, real estate dollar bonds showed signs of warming in May. According to Wind statistics, as of the date of publication, three companies have successfully issued dollar bonds in May. In addition, several housing companies have announced plans to issue dollar bonds.
The latest is a new bond of US $ 200 million issued by Zhengrong Real Estate on May 14, with an interest rate of 8.35%. This is also the first real estate that has not been subject to other credit enhancement methods and has been publicly issued since the market has fluctuated significantly in the past two months Yield USD debt.
The size of the US dollar bond is consistent with the previous issuer ’s issuance of the latest US dollar bond in February this year, and the overall size is not high. The CICC Research Report believes that this also reflects the issuer's cautious water test to some extent.
Earlier, Time China Holdings Co., Ltd. issued an announcement on May 6 stating that it will issue US $ 200 million senior notes due 2021 with a coupon rate of 6.0%. The listing and trading of the notes are expected to take effect on May 7. The issuance of US dollar senior notes in this period is US $ 200 million and will expire in 2021 with a coupon rate of 6.0%. Wharf Real Estate guaranteed the issuance of two high-quality unsecured notes with a fixed interest rate and a US dollar benchmark size on May 7, totaling US $ 750 million.
In addition, several housing companies have recently announced plans to issue US dollar debt. On May 6, Hang Lung Properties Co., Ltd. announced that it plans to issue medium-term notes with an amount of US $ 4 billion, and the issuance period is 12 months. According to media reports, housing companies such as Sun Hung Kai Properties and Lego Properties are also planning to issue dollar bonds in the near future.
According to the research report of CICC, the new issuance of Zhengrong is the first real estate high-yield US dollar bond issued by the market after the plunge. The subscription issuance is generally better, the issuance cost is relatively controllable, and it has certain benchmarks for the market. Significance, other housing companies may have references in the future. In the case of secondary valuation and market liquidity gradually repairing, the subsequent supply of housing companies with quotas and refinancing needs after the quiet period may also gradually recover, but due to With new and old restrictions, the overall supply may be limited. (Sino-Singapore Jingwei APP)
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