Central China Real Estate to sell bonds

Central China Real Estate, part-owned by Singapore’s CapitaLand, plans to sell bonds denominated in US dollars to fund property projects, according to a statement issued to the Hong Kong Stock Exchange yesterday.

Deutsche Bank AG, Nomura Holdings Inc and ING Groep NV will manage the sale and help arrange meetings with investors starting this week, according to the statement.

Central China Real Estate develops residential property in China’s Henan province according to its website.

The company will meet bond investors in Hong Kong tomorrow, Singapore on Oct 11, London on Oct 12, New York on Oct 13 and finish in Boston on Oct 14, a person familiar with the matter said, asking not to be identified as details are private.

Source : Today – 7 Oct 2010

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