Chinese developers flocked to the offshore US dollar-denominated bond market in the past month, pushing January’s issuance to the highest single monthly level since October 2013, according to data compiled by Bloomberg.
After an already high US$1.3 billion issuance in December, another record was set with a total of US$3.785 billion issued by Chinese homebuilders in January, almost four times that from the same month a year ago.
The latest dollar bond spree started in late December when…
Source : South China Morning Post
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