Evergrande looking into refinancing dollar bonds due in 2015
Singapore/Beijing
EVERGRANDE Real Estate Group, the Chinese developer which has the industry's two biggest single dollar bonds outstanding, is considering refinancing one of them that is due next year.
The Guangzhou-based builder must repay US$1.35 billion of 13 per cent notes in January. Moody's Investors Service cut its outlook on the company to negative from stable on Oct 9, citing increased refinancing risk and investments in non-property businesses.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies