Apartment buildings under construction at the Sunac Resort project, developed by Sunac China Holdings in Haiyan of Zhejiang province on Feb. 25, 2022. Photo: Bloomberg
Sunac pays local bondholders after defaulting on dollar notes, showing that cash goes first to domestic creditors
- Sunac Real Estate Group sent an initial planned payment on 400 million yuan of notes due on May 15 to investors via the bond’s trustee
- Sunac China will make the first principal payment on that date, according to an exchange filing on Friday night
Apartment buildings under construction at the Sunac Resort project, developed by Sunac China Holdings in Haiyan of Zhejiang province on Feb. 25, 2022. Photo: Bloomberg
