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China to provide guarantees for onshore bond issuance by some property developers -sources

tradingfxdaily by tradingfxdaily
August 16, 2022
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China to provide guarantees for onshore bond issuance by some property developers -sources
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Reuters with the info, citing four (unnmed) sources:

  • Chinese regulators have instructed state-owned China Bond Insurance Co. Ltd. to provide guarantees for onshore bond issuance by a few private property developers
  • including Longfor Group and CIFI Holdings
  • China Bond Insurance Co, which provides financial guarantee services, will provide “full amount, unconditional and irrevocable joint liability guarantee” to these medium-term notes, the sources said.
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