Evergrande Was Just 1st Domino? More Chinese Real Estate Developers Rapidly Missing Bond Payments
On Friday, another developer, China Properties Group, said it had defaulted on $226 million worth of notes. All eyes will be on Chinese real estate developer Sinic Holdings, which warned last week it’s not likely to repay offshore bonds worth $250 million due on Monday. Defaults loom over more property developers as China reassures investors … Read more