GC
Chinese property companies storm dollar market
Dollar bond issuance from Chinese property companies went up a notch on Tuesday with seven firms printing deals. On Monday, the first working day of the New Year in the region, four Mainland developers had wooed investors.
Yango Group Co was one of two property developers to opt for a sub-one year tenor for its bond on Tuesday, usually an indicator that it is awaiting approval from the National Development and Reform Commission, which regulates offshore fundraising by Chinese firms, for a longer tenor offering.
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