Major China developer Sunac misses bond coupon payment as crisis spreads

May 12, 2022 9:46 AM

HONG KONG (BLOOMBERG) – Sunac China Holdings didn’t pay a dollar-bond coupon before a Wednesday (May 11) deadline and doesn’t expect to make payments on other notes, becoming one of the biggest Chinese property companies to renege on its obligations amid a record-breaking wave of defaults.

Source : https://www.straitstimes.com/business/property/major-china-developer-sunac-misses-bond-coupon-payment-as-crisis-spreads