Shimao sets benchmark for high yield Chinese property

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Shimao sets benchmark for high yield Chinese property

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Apartment blocks in Hong Kong, China, East Asia. | mstyslav-chernov.com

The month-long gloom in Chinese property credits is finally dispersing after Shimao Property Holdings priced the sector’s first high yield bond of the year on February 3. Not only did the deal attract a huge order book but it also managed to attain solid pricing.

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