Chinese property issuers fuel record January bond supply

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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