China developers back in bond action post-Golden week

A string of mainland property bond sales have emerged following China’s week-long public holiday, with borrowers seeking to tap a window that is shutting as the US debt ceiling’s critical deadline draws nearer.

China developers back in bond action post-Golden week
China Overseas Land & Investment has hired Bank of China International, BNP Paribas, Citi, CLSA, HSBC and JPMorgan to arrange a series of fixed-income investor meetings.

China Properties Group, a private real estate developer, on Tuesday raised a $150 million five-year note, with a callable option in the third year, in the face of weaker Asian markets as sentiment continued to be hit by the US government shutdown dragging into its ninth day.

The company is the first Chinese developer to hit international bond markets after a week-long national break also known as the Golden week’ which ended on October 7....

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