Investors pour into China property bonds

China skyscrapers Chongqing_Fotolia_230px
By Morgan Davis
21 Jan 2020

All of the dollar debt issuance from Greater China on Monday came from real estate companies, with six borrowers taking about $1.4bn between them.

B2/B rated Dexin China Holdings Co nabbed $200m from its bond, on the back of a $1.4bn order book.

Bookbuilding for the 2.25 year notes was opened at the 13.5% area. In comparison, the borrower's $200m 12.875% 2021 note, sold in July 2019, was spotted at a ...

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