‘Gravity-defying’ bonds draw crowds, but fears rise

15 Mar 2013

Two property companies returned to the international bond market for funding this week, giving striking examples of just how much Asian credit markets have rallied over the last few years. But after a big move down in credit spreads over the last year, bankers are starting to fret about when spreads will balloon out again.

Chinese property company Kaisa Group and Hong Kong developer Wheelock & Co were just two of the Asian bond issuers that returned to the market this week, but they gave market participants the clearest — and most eye-catching — examples of how funding costs have moved lower for ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial