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Vanke tests water for its first dollar bond issue

China Vanke, the country’s largest property developer by sales, plans to issue its first dollar bond despite growing investor concern about the outlook for the Chinese housing market.

Vanke is meeting investors in Asia and Europe to gauge interest in the bond, with a view to pricing a deal this week, say people familiar with the plans.

The roadshow coincides with a sell-off in Chinese developer stocks, in mainland markets and in Hong Kong.

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