Wednesday, July 11, 2007

Neo-China to Offer Higher Yield on Dollar Bond Sale to Attract Investors

(Bloomberg) -- Neo-China Group (Holdings) Ltd., a
Hong Kong-based builder, is offering a higher yield on a planned
dollar-denominated bond sale, after attaching warrants to the
securities to attract demand, according to an e-mail sent to
investors.

Neo-China is seeking to sell seven-year bonds today in New
York to yield 9.75 percent, higher than a target of about 9.5
percent set on July 10, the e-mail, sent by one of the sale's
arrangers, shows.


Read more at Bloomberg Bonds News

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