Â
>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Â
Â
Cash-strapped Sunac China Holdings, the country's third-largest property developer by sales, on Thursday admitted that it's unable to make coupon payment totaling $104 million due on four US dollar-denominated bonds, adding to a wave of defaults in China's debt-laden real estate sector.
Sunac failed to make $29.5 million coupon payments on a $750 million dollar bond before a month-long grace period ends, it said in a . . .
Sign In or Subscribe To Get Full Access.
Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.
Follow China Market In The Most Efficient Way!Â
We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!
Sign Up For Free Weekly China Market Highlights HERE!Â