Apartment buildings under construction at the Sunac Resort project in Zhejiang Province, China, on Friday, Feb. 25, 2022. Photo: Bloomberg
Apartment buildings under construction at the Sunac Resort project in Zhejiang Province, China, on Friday, Feb. 25, 2022. Photo: Bloomberg
China property
Business /  Banking & Finance

Sunac China may miss instalment payment on 4 billion yuan bond as lockdowns pile pressure on beleaguered Chinese developer

  • Sunac extended the 4 billion yuan bond – which was originally due on May 15 – by 18 months from April 1 after reaching an agreement with creditors
  • Sunac was supposed to repay 400 million yuan in a second instalment payment on the bond on June 30

Daniel RenPearl Liu
Daniel Ren in Shanghaiand Pearl Liu in Hong Kong

Updated: 9:21am, 25 Jun, 2022

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Apartment buildings under construction at the Sunac Resort project in Zhejiang Province, China, on Friday, Feb. 25, 2022. Photo: Bloomberg
Apartment buildings under construction at the Sunac Resort project in Zhejiang Province, China, on Friday, Feb. 25, 2022. Photo: Bloomberg
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