Chinese developers are flocking to the offshore bond market, one of the few fundraising channels available amid a government clampdown on credit, as prices for land at tender rise sharply.Developers have issued overseas bonds worth more than US$4 billion in the first 10 days of July. That compares with a total of US$3.5 billion in bonds issued in June, according to financial data provider Wind Information.Logan Property Holdings, which paid a record price for a plot in Shenzhen on June 24,…
Source : South China Morning Post
Read more…Chinese home builders ‘hunger’ for offshore bond markets after land spending binge prompts government clampdown on credit















