Property News · June 28, 2017

Confusing bond sale rules are giving Chinese developers a ‘headache’


Property developers say the seemingly arbitrary way in which regulators have been approving – and refusing to approve – offshore bond sales is causing them problems when it comes to fundraising.
Several homebuilders have told the South China Morning Post that the National Development and Reform Commission (NDRC), which approves corporate debt issuance, had blocked all sales of new bonds by real estate companies since April in an apparent bid to cool the property market by tightening…

Source : South China Morning Post
Read more…Confusing bond sale rules are giving Chinese developers a ‘headache’