China South City’s Dollar Bonds Plummet over 20%; COGARD, Sino-Ocean Bonds Now Below 30
Chinese real estate dollar bonds have slid across the board led by China South City, with relatively higher rated developers like Country Garden (Ba1/BB+/BBB) and Sino-Ocean (Baa3//BBB) in tow. Bloomberg notes that the most recent bond selloff in the sector is a...
China South City Bondholders Agree to Dollar Bond Amendments
Bondholders of China South City agreed to amendment on five of its dollar bonds after it launched a consent solicitation in mid-June. It had sought to revise terms concerning “permitted bondholders” and the “change of control” on its 11.5%...
China South City’s Dollar Bonds Drop by 7-9 Points
Dollar bonds of China South City dropped by 7-9 points on Tuesday over continued concerns regarding the Chinese property sector. While there is no specific news on the developer, the fall in bond prices come after its peer Greenland Holding saw its dollar bonds drop...
