Major players: A worker walking in front of Evergrande headquarters in Shenzhen. China Evergrande Group and Kaisa Group Holdings Ltd are two of the country’s biggest dollar-bond issuers. — AFP
BEIJING: China’s stressed developers face nearly US$1.3bil (RM5.51bil) of bond payments in December, after a month in which investor sentiment toward the property sector showed signs of stabilising despite fresh signs of liquidity pressure.
The total was US$2bil (RM8.48bil) in November, and there have been no defaults reported according to Bloomberg-compiled data as of Friday, after multiple instances in October.
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