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China builders seize window for bond issues
Sentiment has improved after first interest rate cut in almost two years
Add BT as a preferred sourcePublished Thu, Dec 4, 2014 · 09:50 PM
Singapore
CHINA'S property developers ended a month-long drought in the US dollar high-yield bond market this week, taking advantage of renewed interest in the sector following the central bank's interest rate cut.
Junk-rated developers Logan Property, Yuzhou Properties and Sunac China Holdings all tapped the market, raising a combined US$900 million. Greenfield project developer Zhuhai Da Heng Qin is currently marketing a debut offshore yuan bond, while China Aoyuan Property is also gearing up to issue a dim sum deal.
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