Country Garden Real Estate Group, Chongqing Longhu Enterprise Development and China Overseas Enterprise Development plan to sell bonds to raise a combined 18 billion yuan ($2.83 billion)
China’s high-yield bond market is in turmoil as investors assess which property developers can service debts
The bonds will be used to help buy and dispose of non-performing assets, plus other businesses such as bond-to-equity swaps, China's banking regulator said
Climb highlights easier direct access to Chinese markets rather than through financial instruments listed in New York and Hong Kong
Some holders of US dollar bonds issued by Evergrande's Scenery Journey have reportedly not received interest due on Nov 6. That would have kicked off a 30-day grace period for payment.
Bonds surge to seven times the intended level. Economists say the RBA could drop yield targeting programme on Tuesday, when monetary policy board is due to meet.
Corporate governance, data quality and transparency, and reporting standards cited as the main obstacles to investing in Asian fixed income assets
Rising yields in developed nations are boosting the attractiveness of assets issued there, threatening capital flight from emerging markets.