China SCE returns with 'ambitious' bond

As investors mull US interest rates and Chinese policy moves, the Xiamen-based company returns to the dollar bond market

China SCE returns with 'ambitious' bond

China SCE Property Holdings, a Hong Kong-listed mainland property developer, returned to the international bond markets at the start of the week, selling a $200 million five non-call three-year bond.

The company turned to investors less than a week after credit ratings agency Moody’s revised its ratings outlook to stable from negative, following a bumper year that pushed its profits up by 55.6%.

But although the company's own fortunes are improving,...

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