Yanlord bond trading offers China property firms hope
Singapore-listed mainland real estate developer Yanlord’s new bonds traded steadily in the aftermarket, potentially offering some long-sought optimism to other aspiring Chinese property borrowers, including KWG.
Yanlord Land’s US$400 million 7-year non-call four bonds received a warm welcome in the secondary market on Wednesday (March 23), its first day of trading; offering potential hope that investor interest in mainland property companies is beginning to return.The company’s bonds rose to a cash price of 100.25 ...
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