{"id":123108,"date":"2021-11-09T10:02:01","date_gmt":"2021-11-09T03:02:01","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldman-ventures-where-others-fear-to-tread-snapping-up-chinese-developers-high-yield-bonds-side-stepping-contagion-risk\/"},"modified":"2021-11-09T10:12:03","modified_gmt":"2021-11-09T03:12:03","slug":"goldman-ventures-where-others-fear-to-tread-snapping-up-chinese-developers-high-yield-bonds-side-stepping-contagion-risk","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldman-ventures-where-others-fear-to-tread-snapping-up-chinese-developers-high-yield-bonds-side-stepping-contagion-risk\/","title":{"rendered":"Goldman ventures where others fear to tread, snapping up Chinese developers\u2019 high-yield bonds, side stepping contagion risk"},"content":{"rendered":"


\nGoldman Sachs Asset Management is buying one of the world\u2019s most distressed assets \u2013 Chinese real estate debt \u2013 even as other investors shy away.The firm has been adding a \u201cmodest amount of risk\u201d through high-yield bonds issued by China property developers and denominated in US dollars, said Angus Bell, a member of Goldman\u2019s portfolio management team. The debt has sold sharply over the last two months as China Evergrande Group, the world\u2019s most indebted developer, moved closer to a potential\u2026
\n
\nSource : South China Morning Post
\nRead more…Goldman ventures where others fear to tread, snapping up Chinese developers\u2019 high-yield bonds, side stepping contagion risk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs Asset Management is buying one of the world\u2019s most distressed assets \u2013 Chinese...<\/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-123108","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-w1C","jetpack-related-posts":[{"id":37207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-local-financing-vehicles-line-up-to-issue-us-dollar-bonds-overseas-as-developers-steer-clear\/","url_meta":{"origin":123108,"position":0},"title":"China\u2019s local financing vehicles line up to issue US dollar bonds overseas as developers steer clear","date":"December 6, 2016","format":false,"excerpt":"\r At least 50 Chinese local government financing vehicles (LGFVs) are preparing to issue US dollar bonds offshore, according to Ivan Chung, head of Moody\u2019s Greater China credit research and analysis. The news comes as mainland Chinese developers are retreating from the US dollar bond market because of the rising\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-beware-chinas-property-bonds-face-the-highest-risk-of-default-among-borrowers-in-2018\/","url_meta":{"origin":123108,"position":1},"title":"Buyers beware: China\u2019s property bonds face the highest risk of default among borrowers in 2018","date":"January 4, 2018","format":false,"excerpt":"\r Bonds from China\u2019s property developers face the biggest risk of default in the nation\u2019s domestic debt market as the government\u2019s funding curbs strain their finances, according to a survey of analysts and traders. Ten out of 15 respondents in a Bloomberg survey late December see some payment failures among\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122083,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-evergrande-totters-cracks-in-stressed-chinese-developers-widen-as-rating-outlook-dims-and-borrowing-costs-jump\/","url_meta":{"origin":123108,"position":2},"title":"As Evergrande totters, cracks in stressed Chinese developers widen as rating outlook dims and borrowing costs jump","date":"September 20, 2021","format":false,"excerpt":"\r China 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/absence-of-embattled-chinese-developers-expected-to-rein-in-asias-dollar-bond-supply-in-2022\/","url_meta":{"origin":123108,"position":3},"title":"Absence of embattled Chinese developers expected to rein in Asia\u2019s dollar bond supply in 2022","date":"January 10, 2022","format":false,"excerpt":"\r An absence of bond issuance from China\u2019s property sector will likely cap supply from Asia\u2019s ex-Japan bond market this year, as investors have turned cautious towards the cash-strapped sector after several embattled developers pushed the default rate higher last year.US dollar bonds from Chinese issuers traditionally account for half\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61230,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-sells-bonds-as-beijing-relaxes-fund-raising-curbs\/","url_meta":{"origin":123108,"position":4},"title":"Country Garden sells bonds as Beijing relaxes fund-raising curbs","date":"July 19, 2017","format":false,"excerpt":"\r Country Garden Holdings sold US$600 million of five-year bonds in Hong Kong on Wednesday, the latest in a recent string of issuances that signal a relaxation of policy curbs to raise funds by Chinese property developers. Country Garden said the bonds would pay a coupon of 4.74 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67128,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-developers-to-face-a-major-debt-refinancing-scramble-in-2018-rating-agencies-say\/","url_meta":{"origin":123108,"position":5},"title":"China\u2019s developers to face a major debt refinancing scramble in 2018, rating agencies say","date":"September 22, 2017","format":false,"excerpt":"\r 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\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\/123108"}],"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=123108"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123108\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}