Chinese developers to face $1.3bn of bond payments in December

  • 11/29/2021
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RIYADH: China’s developers face around $1.3 billion of bond payments in December, following a month of investors’ sentiment stabilising toward the property sector. In November, the total bond payments was $2 billion, with no defaults reported, according to Bloomberg. Investors" scrutiny regarding principal and interest payments lingers as the cash crisis hits the real estate industry. China’s Evergrande group unit and Kaisa group’s grace periods are ending by mid-December on coupons of a total of $171 million.

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