Chinese developers, who went on a offshore bond issuing binge in November as the regulator resumed approvals after the 19th party congress the previous month, will consistently tap the market next year since they need to refinance record debt maturing next year, according to analysts.
Mainland developers sold US$5.14 billion worth of US dollar-denominated bonds in November, more than five times the volume a year ago and the second biggest month in 2017 after June, according to data compiled by…
Source : South China Morning Post
Read more…With record debt maturing next year, Chinese developers set to tap offshore bond market















