China Gets First Private Builder Dollar Bond Offering in Years
Seazen Group Ltd., one of the few major private-sector Chinese developers yet to default, started marketing a dollar bond that would be the first of its kind in more than two years.
Once ranked among China's top 10 developers by contracted sales, the company set the initial price target for the three-year notes in the 13.25% yield to put area, a person familiar with the matter said. If successfully priced, it would be the first privately owned local builder to tap the publicly syndicated US-currency bond market since early 2023. The securities can be called and put after two years.
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