China property developer CIFI to issue $250m convertible bonds

China property developer CIFI to issue $250m convertible bonds

While general economic development is slowing down, the property market of China is stalling at an even sharper rate. (Reuters via MBT)

Chinese property developer CIFI Holdings (Group) Co Ltd said on Friday it will issue HK$1.96 billion ($250.22 million) three-year convertible bonds for refinancing a bond maturing this month.