{"id":122083,"date":"2021-09-20T11:51:10","date_gmt":"2021-09-20T04:51:10","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-evergrande-totters-cracks-in-stressed-chinese-developers-widen-as-rating-outlook-dims-and-borrowing-costs-jump\/"},"modified":"2021-09-20T12:33:16","modified_gmt":"2021-09-20T05:33:16","slug":"as-evergrande-totters-cracks-in-stressed-chinese-developers-widen-as-rating-outlook-dims-and-borrowing-costs-jump","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-evergrande-totters-cracks-in-stressed-chinese-developers-widen-as-rating-outlook-dims-and-borrowing-costs-jump\/","title":{"rendered":"As Evergrande totters, cracks in stressed Chinese developers widen as rating outlook dims and borrowing costs jump"},"content":{"rendered":"


\nChina Evergrande Group\u2019s liquidity crunch is stoking concerns other developers may also feel the squeeze from higher borrowing costs as lenders turned more cautious about the nation\u2019s weakest borrowers.The effective yield on bonds sold by Chinese junk-rated companies, a measure of funding cost, jumped last week to 15.8 per cent, according to an index compiled by Intercontinental Exchange, up from 10.5 per cent on June 30. The 226 bonds in the index, dominated by property names, have lost 7.4\u2026
\n
\nSource : South China Morning Post
\nRead more…As Evergrande totters, cracks in stressed Chinese developers widen as rating outlook dims and borrowing costs jump<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande Group\u2019s liquidity crunch is stoking concerns other developers may also feel the squeeze...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122083","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vL5","jetpack-related-posts":[{"id":125764,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-firms-bond-issuances-fell-sharply-in-first-quarter-beikes-research-unit-says\/","url_meta":{"origin":122083,"position":0},"title":"Chinese property firms\u2019 bond issuances fell sharply in first quarter, Beike\u2019s research unit says","date":"April 8, 2022","format":false,"excerpt":"\r Bond issuances by Chinese property developers shrank sharply in the first quarter of 2022. Major developers issued offshore bonds worth only 35.5 billion yuan (US$5.6 billion) in the first three months of the year, which translates into a year-on-year decline of 68 per cent, said BRI, the research arm\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-a-third-of-chinas-developers-may-face-pressure-with-us84-billion-in-debt-maturing-by-end-of-2022-sp-warns\/","url_meta":{"origin":122083,"position":1},"title":"Evergrande crisis: a third of China\u2019s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns","date":"October 27, 2021","format":false,"excerpt":"\r A third of China\u2019s property developers could see their liquidity \u201cacutely strained\u201d in the worst case scenario as weaker sentiment and new government regulations weigh on their funding sources, with a \u201creal\u201d risk of default as some US$84 billion in debt is set to mature by the end of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110098,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-country-garden-among-chinese-developers-cutting-prices-to-boost-sales-further-weighing-down-sluggish-economy\/","url_meta":{"origin":122083,"position":2},"title":"Evergrande, Country Garden among Chinese developers cutting prices to boost sales, further weighing down sluggish economy","date":"August 22, 2019","format":false,"excerpt":"\r Winter has come for China\u2019s otherwise frenzied housing market, as the country\u2019s top property developers slash prices to boost sluggish sales.China Evergrande, the country\u2019s third-largest developer by sales, said it was launching a two-month campaign offering discounts of up to 22 per cent on 532 projects across China, starting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124703,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-distressed-exchanges-default-waivers-build-as-chinese-developers-wonder-wheres-the-policy-stimulus\/","url_meta":{"origin":122083,"position":3},"title":"Evergrande crisis: distressed exchanges, default waivers build as Chinese developers wonder, where\u2019s the policy stimulus?","date":"February 25, 2022","format":false,"excerpt":"\r The number of Chinese developers seeking debt forbearance from offshore creditors is expanding as Zhenro Properties and Jingrui Properties highlighted an ongoing credit crunch amid the worst industry slowdown in a decade.The two developers this week sought to delay repayments on dollar-denominated bonds worth US$1.2 billion maturing this year,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103695,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-china-evergrande-and-china-vanke-among-developers-reporting-decline-in-january-home-sales\/","url_meta":{"origin":122083,"position":4},"title":"Country Garden, China Evergrande and China Vanke among developers reporting decline in January home sales","date":"February 5, 2019","format":false,"excerpt":"\r Mainland Chinese property developers have reported a decline in home sales for January, in a sign the Year of the Pig could be in for a rocky start. According to property consultancy CRIC, more than 30 per cent of the mainland\u2019s top 100 developers posted a year-on-year drop in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83807,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-chinese-developers-lower-growth-expectations-for-2018\/","url_meta":{"origin":122083,"position":5},"title":"Top Chinese developers lower growth expectations for 2018","date":"March 27, 2018","format":false,"excerpt":"\r Top Chinese developers that released their annual results on Monday have set modest sales targets for this year amid a less sanguine outlook under financial restrictions introduced by Beijing, and the pursuit of better margins to woo capital markets. China Evergrande Group and China Overseas Land and Investment have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122083"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122083"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122083\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}