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.