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>>
Guangzhou R&F Aims for RMB 13B Bond After RMB 6B Note Sale Shot Down
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>>
Most Private Developers May Have Just Lost Access to China’s Bond Markets
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>>
Evergrande Said at 6.2% Risk of Default as Chinese Bond Market Wobbles
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>>
China Ghost City Developer Could Default on $186M Bond This Week
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>>
Kaisa Could Face Wind-Up Petition Over Skipped Payments on $2.2B in Bonds
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 Coughs Up Coupon Payment After Creditors Interview Lawyers
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>>
China Real Estate News Around the Web – 2015-07-30
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>>
CHINA REAL ESTATE NEWS AROUND THE WEB – 2015-07-28
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Wanda Aims to Be World’s Largest Tourism Enterprise by 2020
Dalian Wanda Group, China’s biggest commercial property developer, plans to surpass Disney’s… Read More>>
Shimao Goes Back to Bond Markets for $300M in New Debt
Shanghai-based Shimao Property is heading to the international bond markets for the second time this year, as the real estate developer seeks to improve its liquidity and finance both existing and new projects during China’s property downturn.
In this latest… Read More>>