The bond guarantees should give developers a leg-up to raise capital during a debt crisis that has hobbled the industry for the last year. Photo: Bloomberg
The bond guarantees should give developers a leg-up to raise capital during a debt crisis that has hobbled the industry for the last year. Photo: Bloomberg

China’s stricken property market gets a boost as government is set to guarantee bonds of some private developers

  • Longfor Group will sell an onshore bond of up to US$250 million next week, guaranteed by state-owned China Bond Issuance
  • Country Garden and Cifi will issue similar bonds supported by the government soon, sources say

The bond guarantees should give developers a leg-up to raise capital during a debt crisis that has hobbled the industry for the last year. Photo: Bloomberg
The bond guarantees should give developers a leg-up to raise capital during a debt crisis that has hobbled the industry for the last year. Photo: Bloomberg
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