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Companies

Country Garden to meet investors for dollar bond -source

(Agencies)
Updated: 2010-04-08 10:24
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Chinese developer Country Garden has hired JPMorgan and Goldman Sachs to manage a planned benchmark-sized, seven-year dollar bond sale, a source close to the deal said.

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The company would meet investors in Hong Kong, Singapore, London and New York from April 9 to 14 ahead of the planned sale, the source said on Wednesday.

The proceeds would be used to refinance local currency convertible bonds due in 2013 worth 4.3 billion yuan ($630 million), the source said.

Country Garden plans to invite tenders to buy back its convertible bonds.
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