Greenland Holdings Sounds Out Interest in RMB 1.5B to RMB 2B-Equivalent USD Private Bond Deal

Another exclusive from our Asia Core Credit team is about Chinese property developers resorting to lightly-regulated private bond issuance to circumvent China’s “three red lines” policy. For Greenland, which has strong ties with the Shanghai municipal government, to try to tap private investors and then pull the deal due to high cost, shows the market is tight with riskier borrowers. The team also covered last week Yuzhou Group’s attempted private deal. Click through to read more on this industry trend in the onshore real estate market:

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