Bonds from China’s property developers face the biggest risk of default in the nation’s domestic debt market as the government’s funding curbs strain their finances, according to a survey of analysts and traders.
Ten out of 15 respondents in a Bloomberg survey late December see some payment failures among developers this year. Most predict yield spreads on corporate bonds that surged to four-year highs in 2017 to climb more. Builders are most vulnerable as they face policy…
Source : South China Morning Post
Read more…Buyers beware: China’s property bonds face the highest risk of default among borrowers in 2018















