Seazen Group Ltd. sold a $300 million note Thursday, the first dollar-bond issuance in more than two years by a major private-sector Chinese developer.
The securities will carry a 12.95% yield, slightly less than initial price talk of around 13.25%, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly. The bond can be called after two years, the person said, adding that investors placed more than $880 million of orders as of Thursday afternoon in Asia.
Seazen separately launched a $300 million debt tender involving notes ...
