Real Estate

China’s property developers have more than just big bond payments coming up

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Migrant workers build a scaffold at the construction site of Huayang Commercial City Phase II in Huai ‘an City, east China’s Jiangsu Province, Feb. 7, 2021.

Costfoto | Barcroft Media | Getty Images

BEIJING — China’s struggling real estate developers face a growing number of repayment deadlines in the next few months.

Real estate giant China Evergrande finally defaulted earlier this month without immediately sparking the widespread contagion that global investors had worried about. But the amount of debt and bills the industry faces will only grow in coming months.

Chinese developers face $19.8 billion in maturing offshore, U.S.-dollar denominated bonds in the first quarter, and $18.5…



Source cnbc.com

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