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Photographer: Qilai Shen/Bloomberg Investors Can’t Get Enough of China Property Developer Bonds

By Tony Seruga

Demand for Greentown China’s dollar notes 13.3 times offer
Moody’s sees negative outlooks for builder debt tailing off

Dollar bonds sold by China’s property developers are being lapped up by investors, lured by the companies’ stronger earnings and improving credit profiles.

Notes sold in July and August by Chinese developers attracted orders 6.3 times the issue size, compared with 2.5 times in May and June, according to data compiled by Bloomberg where deal statistics are available. The firms are taking advantage of the better sentiment, with bond sales rising to a record $35.2 billion this year…

Photographer: Qilai Shen/Bloomberg Investors Can’t Get Enough of China Property Developer Bonds

Categories : Real Estate

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