Seazen Group Ltd. $1030.HK is reportedly preparing to issue USD-denominated bonds totaling between $200 million and $300 million, marking one of the few recent offshore financing attempts by a Chinese real estate developer. The proposed bonds would mature in 2.5 years, with issuance targeted for June 2025, according to sources familiar with the matter. This potential deal comes at a time when China’s property sector remains under significant financial stress, weighed down by declining sales, tight regulatory controls, and limited access to capital markets. Seazen’s initiative may signal a tentative reopening for offshore debt markets to selected issuers deemed relatively stable within the battered industry.