Stimulus measures lower issuance costs, boost investor appetite
Last week was busiest week for China offshore debt offerings in 2024
Beijing39;s stimulus seen encouraging companies to expand

SYDNEY, Oct 3 Reuters Chinese investmentgrade companies are lining up 10 billion to 15 billion in offshore bond offerings this quarter, as Beijing39;s economic stimulus measures cut fundraising costs and whip up borrowers39; appetites, financial advisers said.

Those levels mean Chinese companies are poised to raise the most fourthquarter offshore debt in three years. They garnered about 5.9 billion in dollar and euro bonds just last week, making it the busiest week for offshore debt fundraising in 2024, Dealogic data showed.

The positive momentum from the stimulus measures and the expected FOMC rate cuts could nudge issuers who are nimble and ready to come to market more quickly they could look at windows in the coming weeks, said Xixi Sun, Citigroup39;s head of greater China bond syndicate.

China, in the past fortnight, has launched a massive stimulus program that included cutting lending and mortgage interest rates, in an attempt to resuscitate the country39;s crisishit property sector.

Beijing also plans to issue about 2 trillion yuan 285 billion worth of sovereign bonds this year to boost household consumption, Reuters reported last week, citing sources with knowledge of the matter.

Ratings agency Fitch said in a report this week that China39;s move to loosen the…