The Chinese property giant's debt woes will not seriously affect China’s property sector, according to analysts; however, a restructuring might be on the cards.
The oversubscribed deal is the first Rmb onshore syndicated loan arranged by Deutsche Bank in China and the first facility of its kind for JC Leasing; the loan is connected to rule changes by NFRA in 2024.
The notes achieved the tightest pricing for five-year, Euro covered bonds from a non-EU issuer, for several years, and is the first such issuance from a Singapore bank since October 2021.
Proceeds from HKMC’s largest public bond offering will be used to help Hong Kong's elderly unlock the value of properties for livelihood needs and boost the silver economy.