Xinyuan announced today that it has received approval to issue up to RMB2.2Bn of domestic corporate bonds. The indicated rate of 5.5 to 7.5% falls within the range of other offshore listed B-rated Chinese property developers. My guess is that XIN will pay about 7% due to its higher than average debt level: Bond proceeds will … Continue reading Comments on Xinyuan Real Estate’s Approval to Issue Domestic Corporate Bonds
Comments on Xinyuan Real Estate’s Approval to Issue Domestic Corporate Bonds
