Caixin
Jul 24, 2018 04:43 AM
BUSINESS & TECH

SF Express Gets Warm Welcome in Offshore Bond Market

SF Express launched services in 53 countries and regions as of the end of 2017. Photo: VCG
SF Express launched services in 53 countries and regions as of the end of 2017. Photo: VCG

Chinese courier company SF Express Co. Ltd. said its $500 million offshore bond was oversubscribed sevenfold by global investors, reflecting warm market reception for the fast-growing logistics giant.

The five-year bonds, to be issued by the wholly owned subsidiary SF Holding Investment Ltd., were priced for an annual yield at 4.125%, according to an SF Express filing Friday. The bonds will be traded on the Hong Kong stock exchange.

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