First Chinese investment grade bond

Author: | Published: 7 Dec 2006

A dual tranche bond issue by Shimao Property Holdings is the first by a private Chinese company to receive an investment grade rating

The success of the Shimao property holdings recent $600 million offering reflects the increasingly sophisticated approach being adopted by both global investors and rating agencies to the opportunities presented in the Chinese market.

Shimao is one of the largest domestic property developers in China. The success of its issue was largely due to it being...