by Amruth Sundarkumar | Dec 12, 2022 | China, High Yield Bonds
Chinese property tycoon Yang Huiyan, the co-chairman of Country Garden Holdings is planning to raise about $650mn by exiting some of her stake in the developer’s services unit Country Garden Services Holdings Co. Yang Huiyan’s investment vehicle is...
by Amruth Sundarkumar | Nov 25, 2022 | China, High Yield Bonds
Dollar bonds of several Chinese developers rallied after ICBC, Postal Savings Bank of China and CCB joined three other big domestic banks in providing a combined $129bn in credit lines. ICBC said it would provide RMB 655bn ($91.5bn) in credit lines to 12 developers...
by Amruth Sundarkumar | Nov 24, 2022 | China, Corporates
Five of China’s large property developers have received a combined $30bn in credit line support from three of the largest state-owned banks to support the property sector. BOCOM said it agreed to provide a RMB 100bn ($14bn) credit line to China Vanke and an RMB...
by Amruth Sundarkumar | Nov 15, 2022 | China, High Yield Bonds
Chinese property developers saw their stocks and bonds rally on Monday following Beijing’s new 16-point relief package for the distressed sector, announced on Friday. Among the names that rallied were Longfor, Country Garden (COGARD), Agile, Central China and...
by Amruth Sundarkumar | Nov 14, 2022 | China
China revealed its latest rescue package for the property sector across the country via a 16-point plan given below: Property development loans for developers – Lenders to treat developers under state or private ownership equally Home-buying requirements for...
