Wanda bonds hit more on mainland than overseas as risks increase
Shanghai
DALIAN Wanda Commercial Properties Co's onshore bondholders appear more anxious about the developer's future than their offshore counterparts, debt prices suggest, highlighting investors' uncertainty about how Chinese authorities will deal with the company.
The interest-rate gap between the two types of notes has widened recently, with the developer's onshore debt yielding more than 3.5 percentage points higher than offshore bonds of similar maturity.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Developers sell 301 new homes in April; down 58% on fewer launches
Sandpiper Hotel in Little India back on the market for S$33 million
China mulls government purchases of unsold homes to ease glut
Europe’s property slump easing as rents increase, report says
Tuan Sing confirms acquisition of Fraser Residence River Promenade for S$140.9 million
Consortium led by UOL, CapitaLand places top bid of S$805.39 million for Holland Drive site