Chinese developer Country Garden has hired JPMorgan and Goldman Sachs to manage a planned benchmark-sized, seven-year dollar bond sale, a source close to the deal said.
The company would meet investors in Hong Kong, Singapore, London and New York from April 9 to 14 ahead of the planned sale, the source said on Wednesday.
The proceeds would be used to refinance local currency convertible bonds due in 2013 worth 4.3 billion yuan ($630 million), the source said.
Country Garden plans to invite tenders to buy back its convertible bonds.
