60 China property issuers with more than $140bn in outstanding dollar bonds have defaulted

 More than half of China’s top developers followed Evergrande into default after Beijing moved in 2020 to restrict new borrowing, unravelling a funding model that was built on dollar-denominated high-yield debt and bankrolled by local government financing vehicles.

Since the beginning of 2020, at least 60 China property issuers with more than $140bn in outstanding dollar bonds have defaulted, Barclays calculates

FT 7 december 2023

https://www.ft.com/content/f1ee18a0-69d6-4243-9a1d-934ec9ae96f2


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