Seazen Raises $160 Million as Chinese Firms Sell US Bonds

A deluge of issuers from mainland China, Hong Kong and Macau are storming back into the offshore dollar bond market this year, driving total issuance to its highest level since 2022.

Among them is Seazen Group Ltd., a struggling developer that tested the waters a few months ago with a $300 million deal — the first dollar-note sale by a major private-sector Chinese builder since 2023.

A unit of the firm — once ranked among the nation’s 10 largest homebuilders by contracted sales — on Tuesday priced $160 million of two-year notes at a hefty 13% yield, according to ...