Property News · September 22, 2017

China’s developers to face a major debt refinancing scramble in 2018, rating agencies say


China is set to experience a wave of maturing debt in 2018 as Chinese property developers set about a major refinancing cycle expected to last two years, according to credit rating agencies.
Real estate companies will need to roll over US$10 billion of offshore bonds and US$35 billion in onshore bonds in 2018, with a large portion of the maturities coming due in the second half of the year, S&P Global Ratings said.
Moody’s said 75 per cent of its rated Chinese developers have bonds…

Source : South China Morning Post
Read more…China’s developers to face a major debt refinancing scramble in 2018, rating agencies say

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