Concerns from the company have weighed on other Chinese developers as well. China-based integrated property developer
Kaisa Group’s bonds are down up to 3.5 points this morning. Its
8.5% 2022s,
10.875% 2023s and
9.375% 2024s were down 1.63, 2.04 and 3.31 points to trade at 94.38, 91 and 85.06 respectively. The regulators now require these firms to meet the “three red lines” which is also limiting their capacity to expand through acquisitions.