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Chinese property developers

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13 Nov 2018 (AFR) – Default risks rise in $491b China builder bond market

(13 November 2018, AFR, p37, by Carrie Hong) ‘Investors are bracing for more debt defaults among China’s cash-squeezed real estate developers as funding costs surge and refinancing pressure intensifies. Borrowing costs in dollars for China’s high-yield issuers, most of whom are property developers, almost doubled this year to 11.2 percent, the highest in about four … Continue reading

18 Apr 2018 (AFR,Bloomberg) – China may be set for rare property defaults, fund manager Neuberger Berman days

(18 April 2018, AFR, p32, Bloomberg News) ‘Chinese developers may be headed for rare defaults on their debts as rising interest rates make it harder to roll over record borrowings, according to one of the few foreign money managers selling local financial products to the nation’s investors. Smaller property firms might miss payments on bonds … Continue reading