On September 23, CHINA OVERSEAS rose 3.38% in regular trading, reaching 12.85 HKD, with turnover of approximately 54.01 million HKD. The rally was driven by the company's successful debut issuance of a five-year RMB green bond.
The company recently raised 3.191 billion yuan through the green bond at a coupon rate of just 2.2%, marking the lowest yield on record among mainland real estate developers' dim sum bond issuances. Peak subscription reached 23 billion yuan, representing 7.2x oversubscription, with final orders locked at approximately 18.9 billion yuan at 6.0x oversubscription — both setting all-time industry highs. The bond received an S&P A- rating, underscoring the company's strong credit standing.
The positive sentiment extended across the Real Estate Development sector, with CHINA VANKE surging 13.8%, SUNAC up 9.16%, COUNTRY GARDEN up 6.15%, LONGFOR GROUP up 4.53%, and CHINA RES LAND up 3.57%. The record-low financing cost further highlights CHINA OVERSEAS's financial resilience, complementing its mid-year results showing 976 billion yuan in revenue and 285.2 billion yuan in operating cash inflow.
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