More than 70% increase in bond financing of real estate enterprises in October
Posted Time: 2025 November 6 15:33
AuthorTrade researcher
According to the monitoring of Zhongzhi Research Institute, the total amount of bond financing in the real estate industry in October was 51.24 billion yuan, an increase of 76.9% year-on-year. Among them, credit bond financing was 32.7 billion yuan,
Regarding the significant increase in real estate corporate bond financing in October, the China Index Academy attributed it to the low base in the same period last year, when the total amount of real estate corporate bond financing was only 28.97 bi
In terms of financing structure, the real estate industry's credit bond financing was 32.7 billion yuan, a year-on-year increase of 50.7% and accounting for 63.8%; overseas bond financing was 2.85 billion yuan, accounting for 5.6%; ABS financing was
Among them, the issuance of credit bonds has grown year-on-year, with a focus on central state-owned enterprises in the real estate sector. Specific names such as China Merchants Shekou, COSCO, Poly Development and others have issued bonds totaling m
The ABS issuance scale reached 15.7 billion yuan, with a significant year-on-year growth, mainly due to the lower base in the same period last year when the ABS issuance scale was less than 10 billion. Among them, REITs-like products are the largest
In terms of financing rates, the average bond financing rate in October was 2.56%, which was a decrease of 0.42 percentage points year-on-year and 0.13 percentage points month-on-month. The average bond financing rates had decreased both year-on-year
In terms of the issuance of typical real estate bonds, China Merchants Shekou issued the highest amount in October, reaching 4.5 billion yuan, while Su High-Tech New Area had the lowest financing cost at 1.84%.
In addition, in October, key real estate companies disclosed new financing. Among them, OCT Group issued 2 billion yuan in ultra-short-term financing bonds; Joy City Real Estate signed a US$150 million term loan credit with a group of financial insti
From January to October, the total amount of bond financing for real estate enterprises reached 488.24 billion yuan, an increase of 8.6% year-on-year. Specifically, the financing of credit bonds was 293.98 billion yuan, a slight increase of 3.3% year