Chinese developers raise funds via domestic borrowings to repay offshore debt

Chinese developers raise funds via domestic borrowings to repay offshore debt

Beijing, China. Photo: Raj Eiamworakul/ Unsplash

Chinese property firms facing a wave of maturing debt will raise funds on the mainland to refinance their offshore borrowings as funding conditions loosen in the world’s second-largest economy at a time when the dollar bond market is slumping.

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