Enterprise bond issuance way

Recently, there have been GuanCheng chase, cinda real estate, wolong real estate and Shanghai zhongxing group dense debt financing, involving raised billions of dollars. It is worth noting that the bond financing has exceeded the scope of affordable housing construction.

"This could be the country by the crackdown on real estate to support the real estate policy change another step, and equity refinancing before." Deng Hao believe that real estate is a capital-intensive industry, expand the sources of financing has a positive effect on industry development.1

Specific view, enterprise, zhejiang wolong real estate on August 5, send announcement, the company plans to issue 600 million yuan of corporate bonds, to raise funds will be used in the company of affordable housing construction projects and urban village reconstruction is the building construction project. August 8, Shanghai zhongxing group issued 1.3 billion yuan SiMuZhai in inter-bank bond market, this is Shanghai real estate people regarded as the first local housing SiMuZhai.

In addition, GuanCheng chase said in a statement on August 6, the company intends to issue total does not exceed 1.8 billion yuan (contain 1.8 billion yuan) of convertible bonds, raise funds will be used in nanjing century new city residential and commercial projects. Cinda property on August 9, said the company plans to issue no more than 2.8 billion yuan (contain 2.8 billion yuan) in corporate bonds, the term is not more than seven years, to raise funds to repay debt, adjust the structure of corporate debt, and to raise the rest of the money would be added to the company's working capital, in order to improve the company's financial situation.

Chen Baocun said, "is not only the housing, the five countries implementing rules, the China banking regulatory commission on April 18th to encourage consumer demand guidance, support the terms of the 3 commercial housing. The first suite, small family commodity house is the domain of the five countries encourage originally, now that the policy allows, let go of what is reasonable." Chen Baocun added, including bank loans, and even to be accurate, may also be a limited release, of course, because of the steady monetary policy and the same.