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CHINESE DEVELOPERS

Shimao reopens bond market for junk-rated companies

Wednesday, February 4, 2015 - 05:50

Hong Kong

SHIMAO Properties has become the first Chinese property developer to launch a high-yield bond since the sector was rocked by problems at Kaisa Group.

Shimao attracted a US$6 billion order book within hours of launching its seven-year bonds on Tuesday. However, the

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