A tale of two Chinas: COG orders pile up, KWG suffers from fatigue
China Oriental Group, the iron and steel company, and KWG Property Holding, the Chinese developer, turned to the 144a market to raise money in the middle of the week. The vastly different receptions to the bonds showed the growing fatigue with Chinese property bonds — and the strong appetite that remains for other high yield issuers from the country.
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