Chinese developers on shaky foundations

Mainland real estate companies are struggling to find sources of financing as onshore credit dwindles.

Chinese developers on shaky foundations

Chinese developers are looking for alternative sources of financing as onshore credit dwindles, leading to a proliferation of offshore bonds.

Real estate companies accounted for more than 70% of dollar-denominated transactions out of China in the first two months of the year, according to Dealogic, as developers sought to lock in still relatively low interest rates, extend debt maturities and raise funds for land payments.

Volumes hit $5.6 billion with 13 deals...

To continue reading, please login or register for free

Click for more on: china

Print Edition

FinanceAsia Print Edition

CONFERENCES