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Yuexiu Property has proposed the issuance of CNY1.6 billion worth of 3.40% guaranteed green notes due in 2029 as part of its funding and debt management strategy. The company said the proceeds from the bond issue will primarily be used to refinance offshore debts that are set to mature within the next one year. The move comes at a time when several Chinese developers continue to focus on improving liquidity positions and extending debt maturities amid ongoing pressure in the real estate sector. Yuexiu Property has remained relatively active in capital markets compared to several peers.
Yuexiu Property has announced a proposed issue of guaranteed green notes worth CNY1.6 billion with a coupon rate of 3.40% and maturity scheduled for 2029, according to a company filing reviewed in the past week. Advertisement
The company stated that the gross proceeds from the green notes issuance are expected to total CNY1.6 billion. It added that the net proceeds would be used to refinance existing offshore debts maturing within the next 12 months.
The proposed fundraising reflects the company’s continued focus on managing its debt obligations while securing relatively lower-cost financing through the offshore bond market. Green notes are debt instruments typically linked to environmentally sustainable projects or financing frameworks and have increasingly become part of fundraising strategies adopted by major real estate developers and infrastructure-linked firms across China.
Yuexiu Property, which is backed by state-owned interests through Guangzhou-based Yuexiu Group, has generally maintained better financial stability than many privately owned Chinese developers that have faced liquidity stress over the past few years. Several Chinese real estate companies have been restructuring debt, extending maturities and refinancing liabilities amid slower property sales and tighter financing conditions across the sector.
The latest proposed issuance also signals continued investor appetite for state-linked developers that are still able to access offshore financing markets. Market participants have closely tracked fundraising activity by Chinese developers as the sector continues to navigate repayment pressures and policy adjustments aimed at stabilising the housing market.
The company has not disclosed additional details regarding investor participation or listing arrangements for the proposed notes in the brief filing.
Source Reuters
5th Jun, 2025
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