Yield-hungry investors buoy property bonds

By Addison Gong
16 Jan 2019

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.

“A lot of ...

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