A China Evergrande Group construction site in Guangzhou. Opportunities in China might continue to grow, as default rates for Chinese high-yield bonds and the debts of its real estate sector were expected to top 13 per cent and 20 per cent, respectively, in 2021, Oaktree said in an insights publication this month. Photo: Reuters
A China Evergrande Group construction site in Guangzhou. Opportunities in China might continue to grow, as default rates for Chinese high-yield bonds and the debts of its real estate sector were expected to top 13 per cent and 20 per cent, respectively, in 2021, Oaktree said in an insights publication this month. Photo: Reuters

US distressed-investor Oaktree Capital raises US$16 billion with its biggest fund ever

  • Distressed debt investor sees opportunities in China as high-yield, real estate defaults are on the rise
  • Oaktree is first foreign distressed debt investor to open wholly-owned unit in China in 2020

Topic |   Banking & finance
A China Evergrande Group construction site in Guangzhou. Opportunities in China might continue to grow, as default rates for Chinese high-yield bonds and the debts of its real estate sector were expected to top 13 per cent and 20 per cent, respectively, in 2021, Oaktree said in an insights publication this month. Photo: Reuters
A China Evergrande Group construction site in Guangzhou. Opportunities in China might continue to grow, as default rates for Chinese high-yield bonds and the debts of its real estate sector were expected to top 13 per cent and 20 per cent, respectively, in 2021, Oaktree said in an insights publication this month. Photo: Reuters
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