Free Trial

Foreign Investors Buying China Developer Dollar Bonds: News

CHINA PRESS
MNI (Singapore)

Foreign investors, including Goldman Sachs, are buying Chinese developers' dollar bonds at low prices at a time when frequent defaults on these bonds by cash-strapped developers caused widespread panic, the PBOC-run newspaper Financial News reported. The prices on some developers' dollar bonds have rebounded after they bought back some to shore up confidence, the newspaper said. The financing conditions of developers have mostly normalized with real estate loans surging in October by as much as CNY200 billion from September, the newspaper said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.