China Properties Hires Merrill Lynch to Handle Its 1st Overseas Bond Sale

(Bloomberg) -- China Properties Group Ltd., a developer of real estate in Shanghai, hired Merrill Lynch & Co. to raise $300 million from its first overseas bond sale, according to an e-mail sent to investors.

The developer, which raised HK$1.62 billion ($207 million) from an initial public offering in Hong Kong in February, plans to use the proceeds to buy land and invest in new property projects, according to the e-mail from Merrill.


Read more at Bloomberg Bonds News