Credit Suisse First Boston has launched a $300 million seven-year non-call five-year bond for Hopson Development, a Hong Kong-listed property developer in China. Roadshows are set to begin in Singapore and Hong Kong today October 26.
The BBBa1 SPMoody's rated deal has raised a few eyebrows from market players as it comes at a time when the high yield market is suffering a relatively weak period and is being launched only two weeks after Shanghai-based property developer Fosun Group pulled its debut dollar denominated bond.
The current weakness in the high-yield market notwithstanding, observers also believe the deal will be a struggle for...
