Developer, miner to market dollar-denominated bonds

Updated: 2013-05-23 14:42

(China Daily)

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Central China Real Estate Ltd and Vedanta Resources PLC are marketing US dollar-denominated bonds to end a one-week pause in sales of debt in the currency by Asian issuers, the longest hiatus in six weeks.

The Henan province-based developer, that has a BB- rating from Standard & Poor's is offering five-year bonds, said a person familiar with the matter who asked not to be identified.

Vedanta Resources, the miner ranked subinvestment grade by the three main rating companies and controlled by billionaire Anil Agarwal, planned to sell January 2019 bonds and 10-year notes as soon as Wednesday, a separate person familiar with the matter said.