Caixin
Jan 11, 2018 06:37 AM
ECONOMY

Developers Still on the Hunt for Money Overseas

Chinese real estate companies raised $38.9 billion from overseas markets in 2017, up 176% from the previous year, according to Centaline Group. The burst appears to be continuing. Photo: Visual China
Chinese real estate companies raised $38.9 billion from overseas markets in 2017, up 176% from the previous year, according to Centaline Group. The burst appears to be continuing. Photo: Visual China

Chinese real estate developers continue to look overseas for money amid tightening credit supply at home.

In the first two weeks of this year, at least four major real estate companies have unveiled plans to issue bonds or medium-term notes at overseas markets, to raise a combined $2.6 billion. That burst is on top of soaring overseas financing seen in 2017.

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