This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.

Bond Market News

Agile Group Redeems Local Bond; 13 Out of 14 Q3 China Defaults Were From Property Sector

October 21, 2022

Distressed/Defaulted Bonds

Agile Group redeemed its RMB 1.59bn ($207mn) 6.2% bond due October 19. The developer has been struggling with its finances like the rest of the sector and has worked on the asset sales including that of its JV that was thought to have eased its liquidity burden. The company’s dollar bonds are trading at distressed levels of over 15 cents on the dollar.

Separately, as per Caixin Global, Huachung Securities noted in a report that Q3 witnessed 13 out of 14 defaults in China coming from the property sector, with most of them happening across offshore and private placement bonds.

Share this

Looking for more ?

Curated global bond market news - delivered to your inbox everyday.

Go back to Latest bond Market News

Related Posts:

Evergrande Shifts Headquarters to Save Costs; Agile to Agrees to Sell 14 Properties for $439mn

January 11, 2022

Agile Downgraded by Moody’s to B1; DaFa Flags Warns of Non-Payment on Dollar Bond

January 19, 2022

Evergrande’s Dollar Bonds Jump on News of Progress on Restructuring; Yuzhou to Delay Bond Payment

January 24, 2022

Our Awards

BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.

Disclaimer

Cookies Policy

Security

Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960