The headquarters of China Evergrande Group, centre, in Shenzhen. The developer was downgraded in three steps during the third quarter by Fitch because of its liquidity crisis. Photo: Reuters The headquarters of China Evergrande Group, centre, in Shenzhen. The developer was downgraded in three steps during the third quarter by Fitch because of its liquidity crisis. Photo: Reuters
The headquarters of China Evergrande Group, centre, in Shenzhen. The developer was downgraded in three steps during the third quarter by Fitch because of its liquidity crisis. Photo: Reuters

China Evergrande crisis casts shadow on Chinese real estate sector’s outstanding US$232 billion offshore bonds, Fitch says

  • Together with Fantasia Holdings and Ronshine China, Evergrande has driven the bulk of the six downgrades that Fitch made during the third quarter in a portfolio of 50 major Asian high-yield corporate issuers
  • Funding costs for such issuers had risen to 7.5 per cent as of the end of the third quarter, from 6.3 per cent in the second quarter

Topic |   Evergrande crisis
The headquarters of China Evergrande Group, centre, in Shenzhen. The developer was downgraded in three steps during the third quarter by Fitch because of its liquidity crisis. Photo: Reuters The headquarters of China Evergrande Group, centre, in Shenzhen. The developer was downgraded in three steps during the third quarter by Fitch because of its liquidity crisis. Photo: Reuters
The headquarters of China Evergrande Group, centre, in Shenzhen. The developer was downgraded in three steps during the third quarter by Fitch because of its liquidity crisis. Photo: Reuters
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