Exchanges and debt extensions have been the two most common ways for Chinese developers to resolve their bond default risks. Photo: EPA-EFE
Exchanges and debt extensions have been the two most common ways for Chinese developers to resolve their bond default risks. Photo: EPA-EFE

A fifth of Chinese developers face insolvency as investors grow tired of repeated bond extensions, S&P Global warns

  • A looming insolvency crisis puts as much as US$88 billion of distressed bonds at risk, says the ratings agency
  • Investors will soon lose patience and press their claims through the courts or debt restructuring, S&P warns

Exchanges and debt extensions have been the two most common ways for Chinese developers to resolve their bond default risks. Photo: EPA-EFE
Exchanges and debt extensions have been the two most common ways for Chinese developers to resolve their bond default risks. Photo: EPA-EFE
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