Yanlord Land Group, the Singapore-based developer of residential projects in China, plans to sell up to US$300 million ($411 million) of seven-year bonds, according to a banker involved in the transaction.
The notes, callable after four years, may be priced to yield about 9.5%, the banker said. HSBC Holdings Plc and Royal Bank of Scotland Group Plc are managing the sale, with Standard Chartered Plc as a so-called passive manager.