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 | Sep 19, 2022 | China, Corporates, High Yield Bonds
The property management unit of Chinese property developer China Vanke known as Onewo, plans to raise HKD 6.2bn ($784mn) via a Hong Kong IPO. As per an exchange filing, the company will offer 116.7mn share (10% shares), at HKD 47.1-52.7 ($6-6.7) per share. Onewo has...
by Amruth Sundarkumar | Sep 2, 2022 | China, Corporates
The property services unit of Chinese property developer China Vanke known as Onewo, has gained approval for an IPO in Hong Kong where it intends to raise between $1-$1.5bn, lined up in September 2022. However, Onewo’s IPO schedule could change as it is subject to...
by Amruth Sundarkumar | Aug 5, 2022 | China, Corporates, Distressed / Defaulted Bonds, High Yield Bonds
In other China real estate news, Zhenro announced that it has defaulted on another payment – $29.8mn of principal due on a note on August 3. The company added that it may not be able to pay a $13.3mn coupon on another note before its 30-day grace period ends on...
