China issuers dominate in sales of dollar debt

Cosco Pacific Ltd, Future Land Development Holdings Ltd and Mingfa Group International Co are marketing dollar-denominated debt as Chinese firms dominate regional issuance in the US currency.

Cosco Pacific, the Hong Kong-listed container terminal operator, is offering 10-year notes to yield about 285 basis points more than Treasuries, according to a person familiar with the matter. Future Land, the Shanghai-based developer, plans to sell five-year notes, as does, a real estate firm Mingfa, a separate person said.

China Daily - Agencies