Chinese developer Xinyuan ends high-yield drought

The US-listed mainland property developer seals an aggressively priced bond after attracting more than $1.8 billion of orders at peak level.

Chinese developer Xinyuan ends high-yield drought

US-listed Xinyuan Real Estate on Wednesday became the first Chinese property developer to enter the dollar high-yield market in the past several months with a $300 million three-year bond.

The Reg S sale comes two days after Hong Kong-listed Fantasia Property completed a retap of its Rmb600 million May 2019 note, raising proceeds of Rmb1 billion in the offshore renminbi market.

Xinyuan, headquartered in the city of Zhengzhou, completed its $245...

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