by Arundhati Behera | Mar 14, 2023 | China, High Yield Bonds
Dollar bonds of Country Garden (COGARD) trended lower by 1.0-1.5% across the curve yesterday. As per an HKEX filing, the Chinese developer announced an expected loss attributable to shareholders of RMB 5.5-7.5bn ($800mn-$1.09bn) for 2022. Despite being the market...
by Arundhati Behera | Mar 10, 2023 | High Yield Bonds
Dollar bonds of Country Garden (COGARD) were lower by 2.5-3% across the curve yesterday. While the exact reason for the drop in prices is not known, the developer reported contracted sales numbers earlier this month. It saw a 24% YoY fall in contracted sales for...
by Amruth Sundarkumar | Feb 28, 2023 | China, High Yield Bonds
Dollar bonds of Country Garden, Road King and Sino-Ocean were higher by over 2.5% across the curve yesterday. The former was on account of the developer planning to buy residential land in local government auctions for the first time since December 2021, in signs of...
by Amruth Sundarkumar | Feb 27, 2023 | China, High Yield Bonds
Country Garden is planning to buy residential land in local government auctions for the first time since December 2021, as per WSJ, citing the developer’s executives, in signs of an indication in the property sector. This move comes after Chinese authorities...
by Amruth Sundarkumar | Feb 16, 2023 | China, High Yield Bonds
Dollar bonds of Chinese property developers Sino-Ocean and Country Garden were down as much as 3 points. While the exact reason for the drop in price is not known, Moody’s said in a report that it expects the nation’s property sales to falling this year....
