HNA to offer most expensive China bond

The company is marketing a 363-day bond at 9%, according to a source. The previous record was Herun Holdings Ltd

HONG KONG: HNA Group Co, which once symbolised China’s insatiable appetite for assets, is offering to sell the country’s most expensive short-term dollar bond ever as it struggles to control its soaring financing costs ahead of a wall of maturing debt.

The company is marketing a 363-day bond at 9%, according to a source. The previous record was Herun Holdings Ltd’s 8% notes sold in September, according to data compiled by Bloomberg.