China Cinda Is Said to Plan Up to $800 Million Bond Sale

China Cinda Asset Management Co. is planning to raise between $500 million and $800 million via a five-year bond offering, said people familiar with the matter.

The bad-debt manager, which is one of China’s biggest, plans to market the bond as early as May, the people said, asking not to be identified as the matter is private. The bond is likely to be issued by Cinda’s offshore subsidiary, China Cinda 2020 I Management Ltd., and guaranteed by China Cinda (HK) Holdings Co., according to the people. Details of the bond offering are still in discussion and subject to change. ...