Category: Your Money

Chinese companies go on global bond spree

Mainland groups have already borrowed $12.2bn from international investors so far in 2011 – more than five times the amount they had secured by the same point last year, according to data provider Dealogic.

Half of the offshore bond issuance this year has come from privately-owned property companies – such as Evergrande, Country Garden and Longfor Properties – that have seen funding channels dry up on the mainland. / Capital Markets – Chinese companies go on global bond spree.