Some Chinese property developers turning to short-term debt as virus hits cashflow


  • World
  • Tuesday, 18 Feb 2020

HONG KONG (Reuters) - Some Chinese property developers are turning to short-term debt for funds as home sales stall due to a spreading coronavirus outbreak, sharply reducing their cash flow.

The switch is in stark contrast to last month, when many developers were able to sell long-tenor notes with maturities of up to 12 years.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Trump says he aims to deport all immigrants in the US illegally
Speculation grows of Assad's death in plane crash
World leaders react to fall of Assad rule in Syria
Ghana's former President Mahama wins election
Romanian far-right candidate says democracy "cancelled" along with election
UAE official: Syria not out of the woods, no knowledge of whether Assad is in the UAE
Syrian rebels topple government, end decades of Assad rule
Ukraine says it destroys 28 Russian drones overnight
Assad leaves Damascus as rebels enter Syria's capital, says senior army officers
Syrian rebels say they have begun entering the capital Damascus

Others Also Read