Chinese property sector dollar bonds came under massive pressure in the secondary market as Evergrande raised $1.8 billion in a new deal which priced at a significant premium to its outstanding bonds.
Booming market gets another boost as China’s third-largest home seller pulls off $2.3 billion convertible bond issue. But lacklustre demand initially saw the deal undergo a last-ditch restructure.
China’s new rule banning irrational overseas acquisitions is set to hurt private companies hoping to diversify their businesses. But that may not necessarily be a bad thing.
Property company's bond deal demonstrates all that is wrong with Asia's debt capital markets as fund managers express their disgust.
Evergrande sells another billion-plus-dollar benchmark note in response to reverse enquiries.
Soaring property prices are leading to a boom for Chinese developers. But the Beijing government is looking on with alarm and is tightening the rules.
The Chinese property developer has agreed to acquire a further 17.28% stake in Shengjing Bank, continuing its buying spree in the face of mounting debt.
Chinese developers want to buy back their offshore bonds to take advantage of cheaper coupons at home. But will international investors agree to sell?
China's has generated fortunes at a rate that is the envy of the developed and emerging worlds, much of it produced by far-sighted digital entrepreneurs.
As policy is relaxed, more Chinese real estate firms are looking onshore for funding. Recent deals include bonds from Evergrande, Shimao Property and Yuzhou Properties.
The follow-on launched as Shanghai's stock markets fell by over 6% and was completed by offering a higher discount to the last closing price.
The Chinese developer launches first single-B rated bond of 2015 at a fixed-rate of 12% but failed to garner enough demand for its original target size of $1.5 billion.
Chinese property developer Evergrande yesterday defended itself against accusations from short-seller Citron Research that it is running a Ponzi scheme.
The $175 million transaction comes as the share price finally returns above last year's IPO price.
Kaisa and Agile are the latest Chinese property companies to turn to offshore funding in light of tightening domestic reforms, raising $350 million and $650 million respectively. Still expected are Glorious Property, Yanlord and Aoyuan Property.
EvergrandeÆs $750 million high-yield issue hits the market on a day when trading suffers in response to President ObamaÆs proposed new limits on US banks.
The deal is priced at the mid-point for a total size of $726 million, as other property IPOs run into obstacles.
Eighteen months after it was first in the market, one of China's largest property developers makes a second attempt to list in Hong Kong.
Four Chinese real estate companies start pre-marketing, undeterred by the struggles faced by three recent property IPOs.