Property News · June 1, 2018

Chinese property developers scrap bond issues as country tightens access to corporate credit


Chinese property developers Country Garden and Hopson Development this week dropped their plans to issue onshore bonds as regulators tighten access to credit in the overheated sector, sources with knowledge of the matter said on Friday.
Country Garden, the nation’s leading property developer by sales, dropped its application to issue 20 billion yuan (US$3.12 billion) of corporate bonds on Monday, filings to the Shanghai Stock Exchange showed.
Country Garden, which is incorporated overseas…

Source : South China Morning Post
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