Chinese property developers' Q1 bond sales hit highest for same period since 2015

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Chinese developers' total bonds sales in the first quarter this year surged to the highest in several year boosted by loose liquidity condition and falling borrowing costs after the authority eased monetary policy to short up the economy hit by the coronavirus outbreak.

Chinese developers issued a total of 377.2 billion yuan worth of bond in onshore and offshore markets in the first quarter, the highest amount for the same period since 2015 and increasing 4 per cent from the first three months last year, according to data from the Everbright Securities.

Homebuilders raised . . .

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