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Sunday, 23 September 2018

Carol Chan' s stories

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  • High-rises developed by Goldin Properties stand partially empty in Tianjin's high-tech zone, China.

    China developers resume bond rush

    Top News | 27 July 2018

    Chinese property developers scrambled to print US dollar bonds last week, taking full advantage of a policy-driven rally that some investors warned may be short-lived.

  • SF reopens investment-grade market

    Emerging Markets | 20 July 2018

    Delivery company SF Holding reopened the US dollar market for Chinese investment-grade new issues with a US$500m debut that drew strong demand.

  • Developers won't be put upon

    Emerging Markets | 20 July 2018

    Chinese property developers are offering juicy step-ups on onshore puttable bonds to relieve growing refinancing pressures, but the sweeteners are not swaying domestic investors worried about rising default risks.

  • A gas injection site of Xiangguosi underground gas storage run by PetroChina is seen in Chongqing, China.

    Default pressures weigh on China bonds

    Top News | 13 July 2018

    More sudden shocks in China’s bond markets sent investors running for cover last week, dealing a further blow to Asia’s fragile US dollar high-yield credit market.

  • Agile flop adds to high-yield woes

    Emerging Markets | 13 July 2018

    Agile Group Holdings, one of the best-known overseas issuers from China’s property sector, pushed its borrowing costs more than 100bp higher last Wednesday as it struggled to complete a modest US$200m new issue in a weak market.

  • China squeezes property bond sales

    Emerging Markets | 29 June 2018

    Chinese property developers are facing tighter scrutiny over their offshore bond sales, after an aggressive fundraising spree triggered a warning from the state planner.

  • China Huarong Asset Management

    China Huarong offshore return shows floater appeal

    Ticker | 27 June 2018

    China Huarong Asset Management, rated A3/A–/A, showed demand continues to be strong for floating-rate paper, as it priced a US$1.1bn triple-tranche US dollar senior unsecured bond offering.

  • China developers rethink call options

    Emerging Markets | 22 June 2018

    A tough primary market and rising funding costs have brought call options on Chinese property bonds into focus, with several issuers planning to skip call dates on offshore bonds.

  • A view of a street is reflected on a glass wall of a building bearing the logo of Industrial and Commercial Bank of China (ICBC) in Beijing.

    ICBC Asia prints first Green bond from a HK lender

    Ticker | 14 June 2018

    Industrial and Commercial Bank of China (Asia), rated A2/A (Moody’s/S&P), printed the first Green bond from a Hong Kong-registered bank.

  • Staff members set up Chinese and U.S. flags for a meeting

    Default watch for offshore China debt, as CERCG misses payment

    Top News | 01 June 2018

    Nervous investors sent several Chinese high-yield bond issues tumbling last week after warnings of rising default rates triggered a guessing game over the next company to run into trouble.