China developer's bond issue hints at broader woes

Singapore

IN days of negative rates, it's hard to get excited about anything, even high-yield bonds from China. A small dollar debenture offering by a property developer, however, has generated some heated chatter in Hong Kong and Singapore.

Zhengzhou-based Central China Real Estate Ltd told investors on Monday that it was planning to sell about US$200 million of dollar securities at an indicated 6 per cent.