3 Chinese property developers take a hit amid debt crisis

Economy 02/18/22, 21:58

Bloomberg reported on Thursday that Shimao is seeking to defer repayment on high-yield trust products of about $947 million for three years, including $207 million due this month and $740 million maturing between April and August. On the same day, its 4.75 percent dollar bond due on July 3 fell 2.4 ...

China’s property woes spell trouble for prestige mega-projects overseas

China 11/01/21, 05:16

China's property sector tragedies could cause difficulties for prestigious giant projects in London, New York, Sydney, and other top cities as the developers behind them scramble for cash, Reuters reported. While China's "debt-bomb" Evergrande has dominated the crisis, the risk to multi-trillion dollar global property markets comes from some of its ...

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