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Locals go for bonds issued by China firms

Issuers include Yanlord Land, Far East Horizon, Central China Real Estate

RICH local investors, in search of alternatives, are snapping up bonds issued by Chinese companies, including those sold by property developers. A $400 million, three- year 6.2 per cent issue for Yanlord Land Group late last month received $5 billion orders and was 12.5 times subscribed. It came