Chinese mainland property developers are flocking to the offshore bond market despite surging borrowing cost as they need to look for refinancing when onshore trust lending and loan financing have been tightened by authorities.
Last Thursday, Tahoe Group issued US$400 million worth of three-year bonds with a coupon rate of 15 per cent in July, the high yielding debt among Chinese developers so far this year.
Hong Kong-listed Skyfame Realty (Holdings) Ltd. said last week it will . . .
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