التفاصيل البيبلوغرافية
| العنوان: |
China Builder Radiance Defaults on Dollar Bond in Surprise Move. |
| المؤلفون: |
Ma, Dorothy |
| المصدر: |
Bloomberg.com; 3/20/2024, pN.PAG-N.PAG, 1p |
| مصطلحات موضوعية: |
BONDS (Finance), RADIANCE, DEFAULT (Finance), INVESTORS, BOND market, REPAYMENTS, COUNTERPARTY risk |
| مصطلحات جغرافية: |
CHINA |
| مستخلص: |
Chinese developer Radiance Holdings Group Co. has defaulted on a $300 million bond after missing a payment. The company cited extreme pressure in China's property sector and lack of improvement in sales as reasons for the default. This default comes after a turbulent month for Radiance, during which its bonds experienced significant fluctuations. The default raises concerns about the potential for more defaults among Chinese developers, as home sales and buyer confidence remain weak. Radiance's default could also weaken investor confidence in other cash-strapped developers. [Extracted from the article] |
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| قاعدة البيانات: |
Complementary Index |
