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Two Property Notes Yield In Contrast

29 May 2025
The month of May saw two dollar bonds issued by Chinese property firms, Shanghai Construction Group’s USD600m 3-year (Baa2//) Sustainability bond yielding 4.60% and CSI Properties’ USD150m 3NC2 (NR/NR/NR) yielding 12.59%.

Dollar bond issuance by Chinese developers

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