August 3, 2023
by
by China’s DNE launches $2b offshore vehicle with yuan and dollar funding
FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration
26 May, 2023
DNE, a Chinese developer and operator of new economy real estate such as logistics and cold chains, said it had completed fundraising for a $2 billion offshore development venture that can be financed in both US dollar and the yuan.
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Printed by Unregistered user on Thu, 03 Aug 2023 16:07:56 GMT
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The fund has been set up in partnership with several institutional investors in China.
Talks with dollar bondholders who have signed confidentiality agreements to advance debt negotiations.