China Property Bonds Rebound on Record Sales: Credit Markets

Bonds issued by China developers are rebounding from their worst first half in two years as a record $6.8 billion in offshore debt sales spurs confidence the borrowers have the resources to weather a slowing economy.

All but one of the eight dollar bonds sold between January and June have recovered at least 75 percent of their losses, according to prices from BNP Paribas SA, ING Groep NV, Nomura Holdings Inc. and Royal Bank of Scotland Group Plc. Country Garden Holdings Co.’s 11.25 percent notes due 2017 trade at