Some Chinese property developers turning to short-term debt as virus hits cashflow


  • World
  • Tuesday, 18 Feb 2020

HONG KONG (Reuters) - Some Chinese property developers are turning to short-term debt for funds as home sales stall due to a spreading coronavirus outbreak, sharply reducing their cash flow.

The switch is in stark contrast to last month, when many developers were able to sell long-tenor notes with maturities of up to 12 years.

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