Chinese issuers serve up taps in challenging market

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By Addison Gong
31 May 2018

A topsy-turvy market backdrop is pushing a slew of Chinese borrowers, mainly property companies, to raise funds by tapping their existing dollar bonds. Buy side interest remains, but only for the right names, writes Addison Gong.

Issuers in Asia ex-Japan sold just over $19bn of offshore bonds in May, less than half of what was printed in April, according to Dealogic. It was also a 24.6% fall year-on-year as markets turned volatile.

“We’ve got to a point where there just isn’t enough supply in ...

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