China property bonds are a hit, but few more deals expected
Two Chinese property companies made the most of a welcoming bond market this week, generating more than $6bn of demand between them. But most bankers think supply for the rest of the year will be limited, even after recent jumps in the secondary market, writes Matthew Thomas.
Kaisa Group and Road King Infrastructure both sold dollar bonds this week, showing the demand for high yield names available at the moment.
Some bankers hope the success of the deals will inspire more mainland property companies to tap the bond market, reigniting a source of supply that
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