Troubles are brewing at Yuzhou,a  Shenzhen-bases developer, as several offshore bonds come due this quarter. Photo: Handout
Troubles are brewing at Yuzhou,a Shenzhen-bases developer, as several offshore bonds come due this quarter. Photo: Handout

China’s ‘three red lines’ policy is about to crush another developer as Yuzhou Group seeks to swap bonds, delay coupon and weaken debt covenants

  • Shenzhen-based Yuzhou wants to delay paying two dollar bonds by a year in a debt exchange plan, seeks consent to waive certain default clauses in 12 other bonds
  • Troubles follow other developers in same southern Guangdong province as developers are shut out of funding market

Topic |   China property
Troubles are brewing at Yuzhou,a  Shenzhen-bases developer, as several offshore bonds come due this quarter. Photo: Handout
Troubles are brewing at Yuzhou,a Shenzhen-bases developer, as several offshore bonds come due this quarter. Photo: Handout
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