Chinese property carries on with offshore bond spree

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By Addison Gong
18 Jul 2019

While the latest move from the National Development and Reform Commission (NDRC), restricting the use of the proceeds in offshore bonds by Chinese real estate companies failed to startle Asia’s bond market, a heavy supply of aggressively-priced deals is weighing on sentiment, writes Addison Gong.

On July 12, the NDRC said that Chinese property developers can only issue foreign currency bonds to refinance ‘mid to long term’ offshore debt that is due within the next 12 months. The announcement came at the end of a busy week for issuance, where 20 Chinese firms ...

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