Chinese companies’ offshore bond sales rebounded in June – July, developers’ bond sales fell – official data

 

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New offshore bond issuances by Chinese companies rebounded in June and July, as China effectively brought COVID-19 outbreak under control which boosted foreign investors' confidence in the Chinese economy and corporations, the National Development and Reform Commission (NDRC), the country's top economic planner, said on Monday.

During the two months, 84 Chinese companies issued 125 medium-and long-term bonds in offshore markets, with a total value of $45.92 billion, said Meng Wei, a spokeswoman for the NDRC.

In breakdown, industrial companies issued $12.33 billion in bonds, up 30 per cent . . .

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