GC
Yield-hungry investors buoy property bonds
The party in Chinese high yield real estate bonds continued this week, with China Aoyuan Group, Zhenro Properties and Yuzhou Properties taking home $1.15bn between them on Tuesday.
B1/B+/BB- rated Aoyuan managed to come to the debt market for the second time this month, after pricing a $275m tap of its 7.95% 2021 notes on January 3, making it one of the very first dollar bond issuers from Asia this year.
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