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The Chinese property sector has RMB 53.6bn ($8.5bn) in trust payments due April, according to data tracker Use Trust. Bloomberg also adds that stressed developers have $3.1bn in dollar and onshore bond payments during the month. Below are some details of the payments due each week:
Separately, a Credit Derivatives Determinations Committee ruled that Logan Group’s credit default swaps will be triggered by a ‘failure-to-pay credit event’ which occurred on March 17. The CDS covered a net $115.6mn of Logan’s debt as of March 11, Bloomberg reports.