CHINA PRESS: Chinese property developers are increasingly issuing bonds in
overseas markets because of a cheaper dollar and tight domestic financing
situation, Securities Times reported Friday.
- Competition for consolidation is increasingly fierce in the property sector,
and tightening policies are hurting sales, newspaper said;
- The volume of bonds held by property developers' maturing will peak this
year, so offshore issuance is one of the few venues, Times said;
- While weakening of the dollar makes offshore bonds less expensive property
developers may be more vulnerable if the dollar rebounds, newspaper said.