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China’s fourth-largest developer (by gross sales) is approaching a doable default | Forexlive


China property developer woes haven’t fallen off the radar. Bloomberg (gated) with an replace:

  • China’s fourth-largest developer by gross sales is approaching a doable default
  • the sector’s liquidity disaster reveals no signal of easing regardless of authorities vows of suppor
  • A few of Nation Backyard Holdings Co.’s greenback bonds had been poised for his or her largest drops in two months.
  • Sunac China Holdings Ltd.’s grace interval to make a dollar-bond curiosity fee ends Wednesday,

  • Failure to take action may set off cross-default on different offshore debt, the bond’s prospectus reveals.

china evergrande property



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