China property drives oversupply fears

Chinese property companies have come to the bond market in eye-popping numbers this year. The juicy fees these deals offer mean that few bankers will complain about such a run. But there can be too much of a good thing — and some debt bankers are starting to worry about when the party will come to an end, writes Matthew Thomas.

  • 07 Mar 2013
Chinese property. The two words are now practically synonymous with 'high yield bonds' for Asian investors. Since the start of the year there have been 19 deals from the sector, worth a total of $7.2bn. The vast majority of these deals came in January, meaning multiple deals a ...

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