Sino-Ocean unclogs China’s property pipeline
Sino-Ocean Land Holdings has finally ended the drought of Chinese property bonds with a dual tranche five and 12 year offering on January 28. But despite the success of the deal, bankers are sceptical that a wave of developers will follow in its steps.
Sino-Ocean was always going to attract plenty of interest as
the first Chinese property deal of 2015. Banks are sitting on a large backlog of
deals following the fallout out from Kaisa’s default and general market
“We thought somebody had to unclog the Chinese property
pipeline,” said a Hong
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