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 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 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.

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