China property issuers see no need to wait as bonds start with a bang

Two Chinese property companies turned to international bond investors this week, moving ahead of the top-tier issuers that usually open the market at the start of the year. But bankers said that the overwhelming response to the transactions showed there was little risk involved in ploughing ahead with the bonds, writes Matthew Thomas.

  • 04 Jan 2013
Country Garden Holdings and Kaisa Property both launched dollar bonds on Thursday and were planning to close the order books for the deals overnight. Bankers were clearly confident: the decision to push ahead with the deals despite no year-opening supply from sovereigns or policy banks did not prove ...

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5 ING 1,374.07 4 7.00%