{"id":124221,"date":"2022-01-13T14:33:29","date_gmt":"2022-01-13T07:33:29","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-three-red-lines-policy-is-about-to-crush-another-developer-as-yuzhou-group-seeks-to-swap-bonds-delay-coupon-and-weaken-debt-covenants\/"},"modified":"2022-01-13T15:10:32","modified_gmt":"2022-01-13T08:10:32","slug":"chinas-three-red-lines-policy-is-about-to-crush-another-developer-as-yuzhou-group-seeks-to-swap-bonds-delay-coupon-and-weaken-debt-covenants","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-three-red-lines-policy-is-about-to-crush-another-developer-as-yuzhou-group-seeks-to-swap-bonds-delay-coupon-and-weaken-debt-covenants\/","title":{"rendered":"China\u2019s \u2018three red lines\u2019 policy is about to crush another developer as Yuzhou Group seeks to swap bonds, delay coupon and weaken debt covenants"},"content":{"rendered":"


\nChina\u2019s crushing \u201cthree red lines\u201d policy against home developers continues to claim new victims as Yuzhou Group turned to creditors for forbearance on more than US$5 billion of debt from years of unrestrained offshore borrowing.The group is offering sweeteners to bondholders to delay repayment by a year on two dollar-denominated bonds worth US$582 million in a debt exchange plan, according to an exchange filing, citing significant short-term liquidity pressure. The notes are due this month\u2026
\n
\nSource : South China Morning Post
\nRead more…China\u2019s \u2018three red lines\u2019 policy is about to crush another developer as Yuzhou Group seeks to swap bonds, delay coupon and weaken debt covenants<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s crushing \u201cthree red lines\u201d policy against home developers continues to claim new victims as...<\/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-124221","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-wjz","jetpack-related-posts":[{"id":146809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-builder-yuzhou-seeks-debt-restructuring-recognition-in-us\/","url_meta":{"origin":124221,"position":0},"title":"Chinese builder Yuzhou seeks debt restructuring recognition in US","date":"August 25, 2024","format":false,"excerpt":"\r Move aims to ward off litigation as indebted developer goes through restructuring in Hong Kong and the Cayman Islands.\r \r Source : South China Morning Post\r Read more...Chinese builder Yuzhou seeks debt restructuring recognition in US","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138670,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developer-yuzhou-unveils-offshore-debt-restructuring-plan-says-has-not-defaulted-on-onshore-debt\/","url_meta":{"origin":124221,"position":1},"title":"Chinese property developer Yuzhou unveils offshore debt restructuring plan, says has not defaulted on onshore debt","date":"August 7, 2023","format":false,"excerpt":"\r Chinese developer Yuzhou Group is seeking to get approval for an offshore debt restructuring plan, which it says will allow it to to continue as a going concern and thrive moving forward\r \r Source : South China Morning Post\r Read more...Chinese property developer Yuzhou unveils offshore debt restructuring plan,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/yuzhou-properties-says-hong-kongs-low-financing-costs-attractive-to-developers\/","url_meta":{"origin":124221,"position":2},"title":"Yuzhou Properties says Hong Kong\u2019s low financing costs attractive to developers","date":"September 6, 2016","format":false,"excerpt":"\r Medium-sized mainland Chinese developer Yuzhou Properties joined its bigger rivals in expanding to Hong Kong, making its foray into the city\u2019s market in 2014.\r \r Source : South China Morning Post\r Read more...Yuzhou Properties says Hong Kong\u2019s low financing costs attractive to developers","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140511,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dalian-wanda-wins-consent-from-bondholders-to-restructure-us600-million-bond-weaken-debt-covenants\/","url_meta":{"origin":124221,"position":3},"title":"Dalian Wanda wins consent from bondholders to restructure US$600 million bond, weaken debt covenants","date":"November 30, 2023","format":false,"excerpt":"\r Dalian Wanda, one of China\u2019s biggest commercial landlords, easily sailed through its attempt to delay paying a US$600 million bond next year, as well as dilute some of the debt covenants.\r \r Source : South China Morning Post\r Read more...Dalian Wanda wins consent from bondholders to restructure US0 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138701,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-gardens-stocks-bonds-tumble-after-chinese-developer-misses-us22-5-million-coupon-payments-on-offshore-note\/","url_meta":{"origin":124221,"position":4},"title":"Country Garden\u2019s stocks, bonds tumble after Chinese developer misses US$22.5 million coupon payments on offshore note","date":"August 8, 2023","format":false,"excerpt":"\r Country Garden Holdings, one of China\u2019s biggest property developers by sales, tumbled in both the shares and bonds markets amid concerns about its debt problems after it missed two US dollar bond coupon payments on Tuesday.\r \r Source : South China Morning Post\r Read more...Country Garden\u2019s stocks, bonds tumble\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107732,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-happy-with-66pc-jump-in-paper-value-of-the-center\/","url_meta":{"origin":124221,"position":5},"title":"Chinese developer happy with 66pc jump in paper value of The Center","date":"June 3, 2019","format":false,"excerpt":"\r The chairman of Chinese developer Yuzhou Properties is a contented man.Lam Lung-on\u2019s company, which owns a floor of The Center, Hong Kong\u2019s most expensive commercial building, has seen the paper value of the investment grow by 66 per cent in just two years.The value of the 58th floor of\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\/124221"}],"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=124221"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124221\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}