Chinese property issuers fuel record January bond supply

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By Addison Gong
09 Jan 2020

Chinese real estate issuers dominated the dollar bond market this week, with 16 developers pricing deals by Wednesday. Ample liquidity and a risk-on sentiment allowed most issuers to go long and cheap, but the mid-week volatility in the global market proved costly to some companies, writes Addison Gong.

Only a few days into 2020 and the year-to-date Asian dollar bond volume has already reached new heights. Issuers across the region had priced more than $12bn of new notes as of January 8, more than double the $5.1bn raised a year ago, and nearly five times higher ...

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