China’s Seazen Group eyes dollar-denominated debt issuance
Representative Image SYDNEY: China property developer Seazen Group said on Thursday it was planning a dollar-denominated debt issuance to buy back some of the company’s existing bonds. The developer is targeting a three-year bond with a non-call, non-put option for the first two years, offering a yield to put of around 13.25%, according to a term sheet seen by Reuters. In a regulatory filing to the Hong Kong Stock Exchange, Seazen said the proceeds would be used to repay a $300 million bond maturing in July 2025 and another $300 million bond due in October 2025. Seazen has weathered the…