Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training is sent. Cbonds managers will be in touch with you shortly. Thank you!

Guangzhou R&F Properties Co. created a new five-year benchmark

January 07, 2014 | Cbonds

The bond of property developer is being offered to yield 8.75%, while the company, rated Ba3/BB—/BB, has an outstanding bond due in January 2020 that is bid at 8.8%. Given that the one-year extension is worth 25bp for the Treasury curve alone, one analyst argued that fair value for the new bond was closer to 8.5%.

Yet, investors are sensitive. One portfolio manager said that at 8.75%, R&F is still interesting, but if it tightens by 20bp, as has become the norm for heavily demanded bonds, “it will start looking expensive”.


Company: Guangzhou R&F Properties

Full company nameGuangzhou R&F Properties Co Ltd
Country of riskChina
Country of registrationChina
IndustryConstruction and development

Share:

Similar news:
minimizeexpand
150 000
issues: local and international bonds
170
countries
+7 812 336 97 21
pro@cbonds.info
150 000
issues: local and international bonds
170
countries
Сbonds is a global Fixed income data platform
+7 812 336 97 21
pro@cbonds.info
Data
  • Descriptive data on bonds
  • Bond Quotes from trading systems and market participants
  • Prospectuses and other issue documents
  • Credit ratings
  • Indices and indicators
  • Market news and analytical research
Analytical instruments
  • Multi-parameter bond database search
  • Bond Maps
  • Market calendar
  • Bond calculator
  • Watchlist and Portfolio management
  • Chart analysis
  • Mobile App and Excel Add-in Tool
Enter or RegisterSubscription/Trial access