Published 2 years ago

Chinese property developer Shimao misses repayment on $1 billion bond

Summary by Ground News

Chinese developer Shimao Group has missed the interest and principal payment of a US$1 billion offshore bond due on Sunday. Shimao cited "market uncertainties over debt refinancing" and "challenging operating and funding conditions" The developer has not received notice of acceleration of repayment from its lenders, it said.

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Times of India

Chinese property developer Shimao misses repayment on $1 billion bond

The non-repayment was the first missed public offshore payment for the Shanghai-based developer. With an outstanding $6.1 billion international bonds, Shimao is the sixth largest issuer among Chinese developers, according to Refinitiv.

2 years ago·India

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Reuters

Chinese property developer Shimao misses repayment on $1 billion bond

The missed payment by the sixth-largest issuer among Chinese developers is the latest blow to the country's embattled property market.

2 years ago·United Kingdom

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Channel News Asia

Chinese property developer Shimao misses repayment on US$1 billion bond

HONG KONG: Chinese developer Shimao Group has missed the interest and principal payment of a US$1 billion offshore bond due on Sunday (Jul 3) in the latest blow to China’s embattled property market. Shimao was unable to pay a total of US$1.023 billion in principal and interest to creditors of a senior no

2 years ago·Singapore

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IBTimes

Chinese Property Developer Shimao Misses Repayment On $1 Billion Bond

Chinese property developer Shimao Group has missed the interest and principal payment of a $1 billion offshore bond due on Sunday, in the latest blow to China's embattled property market.

2 years ago·United States

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Financial Post

Chinese property developer Shimao misses repayment on $1 bln bond

HONG KONG -- Chinese property developer Shimao Group has missed the interest and principal payment of a $1 billion offshore bond due on Sunday, in the latest blow to China's embattled property market. Read More

2 years ago·Canada

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Arab News

China In-Focus — Shimao misses repayment on $1bn bond; Tesla Q2 deliveries fall

Sun, 2022-07-03 16:15 BEIJING: Chinese developer Shimao Group has missed the interest and principal payment of a $1 billion offshore bond due on Sunday in the latest blow to China’s embattled property market. Shimao was unable to pay a total of $1.023 billion in principal and interest to creditors of a senior note listed on the Singapore Exchange, the developer said in a Sunday filing on the Hong Kong bourse, citing “market uncertainties over …

2 years ago·Riyadh, Saudi Arabia

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