by bondevalue | Nov 11, 2019 | China, Distressed / Defaulted Bonds
Tsinghua Unigroup Co., one of China’s most strategically important technology companies, has seen the price of its dollar-denominated bonds sink as investors expressed fears over the chipmaker’s financial health. Its Hong Kong-traded $750 million bonds due in...
by bondevalue | Jul 4, 2019 | China
Future Land Development Holdings Ltd’s 57-year-old founder Wang Zhenhua has been detained by Shanghai police, triggering an exodus from the property developer’s bonds. The Company reported in an exchange filing late on 3 July that their billionaire founder...
by bondevalue | Apr 16, 2019 | China, High Yield Bonds
The Asian dollar bond market has seen a rapid rise in issuance by Chinese real estate developers since the beginning of the year, due to the broad stock market recovery from late 2018 and investor expectations for interest rates being held steady that have boosted...
by bondevalue | Jan 23, 2019 | China
China Evergrande Group sold $3 billion in dollar bonds on 23 January, the biggest offshore high-yield bond sale from Asia so far this year. Evergrande is China’s second-largest property developer by sales and is one of China’s most indebted developers. The company has...
by bondevalue | Jun 29, 2018 | China, China, Financial News, High Yield Bonds, Investment Grade Bonds
In more negative news for China’s developers, the National Development and Reform Commission (“NDRC”) is considering a ban on the sale of dollar bonds with tenors of less than 1 year. Over the past 2 years, the country’s real estate companies...
by bondevalue | Jun 22, 2018 | China, Financial News, High Yield Bonds
The creditworthiness of China’s developers has been called into question as credit channels tighten amidst an avalanche of attempts to borrow in order to bolster land banks. The Bloomberg Default risk model, which tracks metrics including share performance,...
