High-rise demand for Aoyuan dollar bond

The Guangzhou-based property developer's US dollar offering builds a sizeable order book amid a drought of Chinese paper.
China Aoyuan heads down under
China Aoyuan heads down under

Guangzhou-based China Aoyuan Property Group raised $250 million from the dollar-denominated bond market on Monday, achieving tight pricing thanks to a supply/demand imbalance in offshore Chinese credit.

¬ Haymarket Media Limited. All rights reserved.

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