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Investors snap up China property developer bonds
Notes sold in July and August by Chinese developers attracted orders 6.3 times the issue size, compared with 2.5 times in May and June
Add BT as a preferred sourcePublished Mon, Sep 4, 2017 · 09:50 PM
Hong Kong
US dollar bonds sold by China's property developers are being lapped up by investors, lured by the companies' stronger earnings and improving credit profiles.
Notes sold in July and August by Chinese developers attracted orders 6.3 times the issue size, compared with 2.5 times in May and June, according to data compiled by Bloomberg where deal statistics are available. The firms are taking advantage of the better sentiment, with bond sales rising to a record US$35.2 billion this year.
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