Real Estate

China property developers have difficulties accessing U.S. bond markets


China’s property troubles will make it harder for developers in the country to gain access to U.S. debt markets, according to Moody’s Investors Service.

“We are seeing the trend of China property turmoil continuing to dampen enthusiasm for some high-yield issuance,” Annalisa Di Chiara, a senior vice president at Moody’s, told CNBC “Squawk Box Asia” on Monday.

China’s property developers have about $35 billion worth of U.S. dollar-denominated debt that will come due this year, she added.

“If we were to carve out the refinancing needs for those issuers that have already defaulted, that probably carves out about $15 billion out of that $35 billion,” said Di Chiara. That leaves around $20…


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