Chinese property developers face big debt maturities
Chinese property developers face big debt maturities in 2022 - Reuters
~ According to Refinitiv data, Chinese real estate developers have $117 billion worth of debt maturing in 2022, with $36 billion of those denominated in dollars.
o~ According to Refinitiv data, the developers face debts worth $27 billion coming due in the first quarter of this year, and $31 billion in the second quarter.
~ Kaisa Group, Guangzhou R&F Properties and Yunnan Health & Cultural Tourism Holding Group were among the developers having at least $2 billion worth of debt maturing this year, topping the list.
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