Chinese Developer Bond Flurry Rises as Three More Market Notes
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Central China Real Estate Ltd. and China SCE Property Holdings Ltd. are marketing U.S. dollar-denominated bonds, adding to the record $6.05 billion raised by Hong Kong and Chinese developers this year.
Central China Real Estate, part-owned by Southeast Asia’s biggest property developer CapitaLand Ltd., is offering seven-year securities to yield about 8.125 percent, while China SCE and China Aoyuan Property Group Ltd. are marketing more of their existing 2017 bonds, according to people familiar with the matters. Future Land Development Holdings Ltd., based in Shanghai, also plans to sell securities in the U.S. currency, according to a company statement to the Hong Kong stock exchange today.