China real estate firms may issue inter-bank market debt - Securities Times

Central China Real Estate

10/11/2021 01:09

SHANGHAI, Nov 10 (Reuters) - Some real estate companies
disclosed plans to issue debt in the inter-bank market at a
meeting with China's inter-bank bond market regulator, the
Securities Times reported on Wednesday.
    The meeting on Tuesday heralded the loosening of domestic
bond policies, the Securities Times said, citing a person in the
industry. 
    In the near future, real estate companies will issue bonds
in the open market for financing, while banks and other
institutional investors will assist via bond investment, said
the paper. 
    Bonds issued by developers slumped early this week after
sources said Kaisa  1638.HK , the first Chinese property firm to
default in 2015, told a meeting on Monday that it needed help to
pay loans, workers and suppliers.  urn:newsml:reuters.com:*:nL1N2S006M


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FACTBOX-China's indebted property market and the Evergrande
crisis     urn:newsml:reuters.com:*:nL4N2RI1AS
China property woes worsen    https://tmsnrt.rs/3D12BRG
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 (Reporting By Samuel Shen; Writing by Engen Tham; Editing by
Cynthia Osterman)
 ((marc.jones@thomsonreuters.com; +44 (0)20 7513 4042; Reuters
Messaging: marc.jones.thomsonreuters.com@reuters.net  Twitter
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