Professor Hui Ka-yan (centre), Chairman of the Board, Evergrande Real Estate Group, attends the Company's interim results announcement 2015 press conference at the Four Seasons Hotel Hong Kong, Central on August 21. Photo: SCMP
Evergrande taps bond market for US$700m capital raising after asset purchase binge
Bond sale follows Moody’s downgrade of the property developer’s credit rating earlier this week, citing elevated debt leverage
Topic |
China property
Professor Hui Ka-yan (centre), Chairman of the Board, Evergrande Real Estate Group, attends the Company's interim results announcement 2015 press conference at the Four Seasons Hotel Hong Kong, Central on August 21. Photo: SCMP