debt

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 structure of the bonds allows Chinese corporates to raise funds in multiple currencies with an onshore issuance. The Yulan bond market is still small.

Debt issuance was capped at $15bn the previous year.

The funds have been raised to meet MTR’s growing spending needs for upcoming railway and real estate projects.

The up to $121m bond is supported by BCA Sekuritas, BNI Sekuritas, Sucor Sekuritas and BRI; the miner is also eyeing a "transformative" acquisition to help sustainability efforts.

The loan includes a HK$3bn social component and will help with plans to build 17,000 subsidised housing units in the Special Administrative Region over the next five years.

AllianceBernstein's Brad Gibson, CLP Holdings' Francis Ho and APG's Gregory Suen discussed investor appetite, greenwashing and taxonomies at FA's China Fixed Income Summit.

China’s economy will not crash but property and local government debt challenges are undermining a country whose GDP is still growing at around 5% a year.

Professor warns of hard landing for China’s property market. Could there be some upside?