Seazen reportedly sells first unsecured domestic bond in over four years
Caixin reports that the Shanghai-listed developer sold a 100 million yuan tranche at 7.8%, a rare financing breakthrough for China's private property developers.
TLDR
Seazen Holdings issued its first unsecured domestic bond in over four years, selling a 100 million yuan tranche at 7.8%, Caixin reports. The outlet describes the sale as a rare breakthrough for private property developers largely locked out of credit markets since 2021 amid China's prolonged property slump.
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