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CIA: CN Property Sector Bond Financing RMB61.48B in Apr, Up 28.8% YoY
Recommend 30 Positive 57 Negative 30 |
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Total bond financing in the property sector in China reached RMB61.48 billion in April, up 28.8% YoY and 18.5% MoM, latest data released by China Index Academy (CIA) showed. By financing structure, credit bond financing amounted to RMB37.48 billion in April, up 2.6% YoY but down 9.1% MoM, accounting for 61% of the total; offshore bond financing totaled RMB3.43 billion, representing 5.6%; and ABS financing reached RMB20.57 billion, up 83.9% YoY and 93.1% MoM, accounting for 33.5%. In terms of financing costs, the average interest rate of bond financing in April was 2.7%, down 0.06 ppts YoY. Among them, the average rate for credit bonds was 2.47%, down 0.23 ppts YoY and 0.1 ppt MoM; the average rate for offshore bonds was 7.34%; and the average rate for ABS was 2.36%, down 0.62 ppts YoY and 0.17 ppts MoM. AASTOCKS Financial News |
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