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China property rebound sparks demand for bonds

More developers tapping onshore market as borrowing costs decline
Tuesday, July 28, 2015 - 05:50


A REBOUND in China's property market has spurred onshore investor demand for bonds issued by developers, helping cut their borrowing costs.

Longfor Properties Co sold five-year AAA-rated notes to yield 3.93 per cent on Monday, compared with the average 4.09 per cent rate

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