This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Select Chinese Developers’ Dollar Bonds Rally
July 26, 2023
Select Chinese property developers’ dollar bonds rallied yesterday following policymakers’ commitment to step up support for the sector. Seazen’s 4.625% 2025s rose by 3 points, while Longfor’s 4.5% 2028s rallied by 4 points and Yanlord’s 5.125% 2026s also rose 4 points. While the Politburo did not disclose many details about the support measures, the positive tone caused investors to cheer the possibility of more incoming support for the sector. Wanda’s bonds have rallied between 19-22% since the start of the week after it arranged for an asset sale to help wire funds to redeem its 6.875% bonds that matured on Monday.
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.