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The beleaguered company proposes up to US$4 billion in debt-to-equity swaps, plus issuance of dollar-denominated bonds, in a filing to the Hong Kong stock exchange on Friday. Source link
Read More »China property woes, US rate rises sink Asian foreign-currency bond supply
An absence of offerings from Chinese developers and rising US interest rates sank bond issuances in the first half of the year to the lowest level since 2018, with little to no recovery in sight. Source link
Read More »Chinese developers risk the real economy with 100 unfinished projects
Three quarters of China’s most indebted developers have missed completion and handover deadlines, pushing homebuyers to withhold mortgage payments and putting pressure on lenders. Source link
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