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A group of nine issuers from Asia sold green or sustainability dollar bonds this week, propelling volumes to new highs. A large part of the debt business in the region is still focused on green and the environment, but there is growing urgency to pay more attention to governance standards. Morgan Davis reports.
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The rapid pace of new dollar bond issuance from Chinese property companies continued from Monday into Tuesday as four more borrowers joined the fray.
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Philippine company Vista Land & Lifescapes bagged $170m from a tap of its 2027 notes this week.
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Chinese conglomerate Fosun International has sold its second dollar bond of 2021, raising $500m once again.
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China Water Affairs Group has made a rare outing in the debt market for a $200m green bond.
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Four Chinese property companies rushed into the dollar bond market on Monday, following weeks of limited to no supply from the sector.