Chinese developer Agile Group Holdings on Friday tried to reassure investors that it has enough money on hand to service debt, including off-balance sheet loans, after rumours drove down its bond prices.The prices of 11 US dollar dominated bonds of the Guangzhou-based Chinese developer plunged as panic-stricken investors sold the notes amid speculation that the company could struggle to make coupon payments due soon.“The company only has one off-balance sheet loan due in November worth US$250…
Source : South China Morning Post
Read more…Panic-stricken investors drive down Chinese developer Agile’s bonds amid rumours about its ability to repay loans















