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China property rebound sparks demand for bonds
More developers tapping onshore market as borrowing costs decline
Published Mon, Jul 27, 2015 · 09:50 PM
Shanghai
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 on securities with similar maturities and credit scores in the secondary mark…
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