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18.06.2015 10:43:00
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Evergrande Real Estate Group Limited -- Moody's: Evergrande's proposed onshore bonds issuance is credit positive
Hong Kong, June 18, 2015 -- Moody's Investors Service says that the proposed onshore bonds issuance of RMB5 billion of Hengda Real Estate Group Company Limited (unrated), a wholly-owned subsidiary of Evergrande Real Estate Group Limited (B1 negative), is credit positive for Evergrande because it will help Evergrande diversify its funding channels and lower its average borrowing costs.
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