Peer Spic is a frequent borrower, with its $500m 5.8% perpetuals becoming callable on 21 May. CreditSights analysts said in a note last week that the company cited “issues caused by Covid-19…
Since the start of the year, 81 primary bond deals from LGFVs have been priced in the Asia dollar market, raising a combined $11.5bn, according to CreditSights.
When it comes to the debt market, property companies are not out of the woods yet. Chinese developers have $52.3bn in offshore refinancing needs this year, according to research from CreditSights….
The lack of transparency, for one, can have serious ramifications. This is especially as developers have $52.3bn and $45.9bn of offshore maturities in 2022 and 2023, respectively, according to estimates…
Indonesian bond issuer found US support, but had to fork out a decent new issue premium.
The Chinese state-linked borrower had to pay a premium for market volatility.
Investors scout for safer credits as refinancing risks rise at Chinese property developers.
The Chinese borrower priced its five year notes inside fair value estimates.
Chinese property company denies seeking support from local government.
Dollar deal flow has slowed as investors watch beleaguered Chinese property company.