by Amruth Sundarkumar | Jun 1, 2022 | China, High Yield Bonds
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...
by Amruth Sundarkumar | Jan 27, 2022 | China, High Yield Bonds
China South City’s (CSC) dollar bonds jumped over 7% after it obtained consent to extend the maturity of its $348mn 11.5% bonds due February 12, 2022 and $346mn 10.875% bonds due June 26, 2022. CSC obtained consent to extend the maturities to August 12, 2022 and...
by Amruth Sundarkumar | Jan 5, 2022 | China, High Yield Bonds
Dollar bonds of China South City fell over 4-5 points and its 11.5% 2022s fell 8.6 points to 81.70. Bloomberg notes that financial intelligence company REDD reported that the company was considering a debt exchange. However, a company official called the story...
by Amruth Sundarkumar | Jan 3, 2022 | Financial News
Shenzhen SEZ Construction and Development Group (SZCDG), a state-owned enterprise will make an equity investment of HKD 1.9bn ($245mn) in China South City to become its largest shareholder. China South City plans to use the proceeds from the share placement to repay...
by Amruth Sundarkumar | Dec 16, 2021 | China, High Yield Bonds
Integrated logistics and trade center operator China South City (CSC) was downgraded to B- from B by S&P due to slowing cash generation and increased refinancing risk amid tough capital market conditions. While CSC has taken steps to sell non-property development...
