Chinese Property Firms Offer Most Bonds in Years as Mood Lifted

In just two days, three Chinese property companies have tapped the international bond market in the busiest week in almost four years, taking advantage of improving sentiment for the sector.

State-backed Yuexiu Property Co Ltd. and China Overseas Grand Oceans Group Ltd. are marketing offshore yuan notes on Friday. The timing is unusual, underscoring the revival of interest. Friday is generally a no-go zone as issuance can involve late nights, which most investors prefer to avoid heading into the weekend. The deals add to a $360 million security from Dalian Wanda Commercial Management Group Co. on Thursday, its first such sale in three years.