KWG Group Holdings this week became the latest Chinese developer to restructure its offshore bonds as the country’s 43rd-largest builder by contracted sales said Wednesday that it had won approval from its investors to swap $1.6 billion in notes maturing… Read More>>
Mainland China’s housing market leads Mingtiandi’s headline roundup again today as research by Citigroup finds that homebuyers across Asia’s largest economy have begun withholding payments on purchases in delayed projects. A Hong Kong developer also has some worrying news as… Read More>>
Facing a 28 March deadline to repay principal and interest on a RMB 3 billion ($450 million) bond, Tahoe Group issued a statement to the Shenzhen stock exchange today reassuring investors that the financially troubled mainland developer would be able… Read More>>
Top 20 mainland developer R&F Property had a RMB 6 billion corporate bond plan officially terminated by the Shanghai Exchange last week, despite a trend toward mainland regulators re-opening domestic bond issues for real estate companies.
The canceled notes, which… Read More>>
The walls continue to close in on small and mid-sized property developers in China after financial regulators reportedly slammed the door to new domestic bond issues for companies not measuring up to newly devised standards. Reports in official Chinese media… Read More>>
China’s Evergrande Real Estate increased its debt load by 90 percent last year to RMB 297 billion ($45.8 billion), and now the property developer is said to have a 6.2 percent chance of defaulting on its repayments in the next… Read More>>
One of China’s most famous ghost cities could churn out a new kind of horror this week after a real estate developer based in the Inner Mongolian city of Ordos revealed last week that it is struggling to repay bonds… Read More>>
Chinese real estate developer Kaisa Holdings, which teetered on the edge of collapse earlier this year after failing to meet its debt obligations, could be threatened with insolvency again after repeatedly failing to make coupon payments on its bonds.
US… Read More>>
Glorious Property, the Shanghai-based real estate developer that missed missed debt payments repeatedly this year, has made good on a coupon obligation after bond holders sought legal advice, according to media reports.
The property firm belonging to troubled tycoon Zhang… Read More>>
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Country Garden to Issue $966M in RMB Bonds
Chinese developer Country Garden Holdings Company Ltd said on Thursday a subsidiary had… Read More>>