World & BusinessSeazen 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.
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.