Chinese property issuers push out bond maturities as rates outlook clears up

Long Jump
By Addison Gong
11 Jul 2019

Chinese property developers have started opting for longer tenors on their dollar bonds, as investors eagerly take on duration risk. As the interest rate outlook becomes clearer, the trend is set to continue — but only for a select few. Addison Gong reports.

Shimao Property Holdings had an impressive $5.7bn of orders at the peak for its seven year non-call four bond this week. Despite a 40bp tightening and the $1bn deal size, the final book still exceeded $5.4bn.

In the case of China Overseas Land and Investment (Coli), the company ...

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