Property News · September 15, 2023

Sino-Ocean freezes payments on US$4 billion bonds, other offshore debt to pursue restructuring as China’s housing slump persists


State-linked developer Sino-Ocean will stop servicing its offshore debt, including almost US$4 billion of bonds, to pursue a debt restructuring. This signals China’s housing market is far from reversing a three-year slump.

Source : South China Morning Post
Read more…Sino-Ocean freezes payments on US billion bonds, other offshore debt to pursue restructuring as China’s housing slump persists

You may also like...