Developers Racing To Sell Debt and Equity

FINTS: Property developers rush to draw on domestic capital market
Chinese real estate firms have issued $69.32 billion worth of debt and equity so far this year, nearly tripling the figure during the same period last year, according to data provided by Dealogic.

Debt and equity issuance in 2015 by Chinese real estate firms totaled $103.47 billion, the highest on record. Such overall issuance this year is very likely to break last year’s record.

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