NDRC tightens grip on Chinese property bonds

Squeeze_tight_spread_Fotolia_230x150
By Addison Gong
28 Jun 2018

The National Development and Reform Commission intends to restrict offshore bond quotas for Chinese corporations, while also limiting the use of proceeds to refinancing.

The Wednesday statement, published in a Q&A format on the regulator’s website, follows a May notice to regulate foreign currency debt and the associated risks. The NDRC, among other things, pointed to a mismatch in the offshore debt issuance size from certain companies — particularly ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial