China Aoyuan satisfies yield-hungry buyers

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By Rev Hui
20 Apr 2016

China Aoyuan Property Group executed a highly popular $250m transaction this week that saw books more than seven times covered, in what was a rare appearance from a Chinese high yield property company in the dollar bond market.

Investors have not had much chance to buy higher yielding paper for many months as firms from the sector’s most consistent issuing base, Chinese property, have been raising funds onshore.

The migration onshore is hardly surprising given that real estate companies are able to save at least a few ...

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