by Amruth Sundarkumar | May 25, 2023 | China, Investment Grade Bonds
China Vanke, Poly Developments & Holdings and China Merchants Shekou Industrial Zone Holdings lead the Chinese property market for new A-share issuances under Beijing’s ‘three-arrows’ plan. The three-arrows policy is an initiative by the...
by Amruth Sundarkumar | Feb 14, 2023 | China, Investment Grade Bonds
China Vanke is planning to issue RMB 15bn ($2.2bn) to boost its capital buffers. Caixin Global reports that it would be the biggest equity fundraising plan in the sector since the removal of equity refinancing restrictions in late November. Vanke is said to sell about...
by Amruth Sundarkumar | Nov 25, 2022 | China, High Yield Bonds
Dollar bonds of several Chinese developers rallied after ICBC, Postal Savings Bank of China and CCB joined three other big domestic banks in providing a combined $129bn in credit lines. ICBC said it would provide RMB 655bn ($91.5bn) in credit lines to 12 developers...
by Amruth Sundarkumar | Nov 24, 2022 | China, Corporates
Five of China’s large property developers have received a combined $30bn in credit line support from three of the largest state-owned banks to support the property sector. BOCOM said it agreed to provide a RMB 100bn ($14bn) credit line to China Vanke and an RMB...
by Amruth Sundarkumar | Sep 19, 2022 | China, Corporates, High Yield Bonds
The property management unit of Chinese property developer China Vanke known as Onewo, plans to raise HKD 6.2bn ($784mn) via a Hong Kong IPO. As per an exchange filing, the company will offer 116.7mn share (10% shares), at HKD 47.1-52.7 ($6-6.7) per share. Onewo has...
