Vanke shrugs off new measures, gets huge bond bid

11 Mar 2013

China Vanke, regarded by analysts as one of the safest property developers on the mainland, made its debut in the international bond market last week, getting many times the demand it needed to sell an $800m deal.

The company came to the market only days after the Chinese government announced it was tightening policies for the property sector, but bankers said Vanke was able to shrug off any worries — and even benefit from the news, thanks to its business model being hit less than ...

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