Chinese Developer Sunac Failed to Meet Debt Obligations
Posted on 05/12/2022
Sunac China Holdings Limited (Sunac) is a major property developer headquartered in Tianjin, China. The real estate company focuses on large-scale, medium to high-end property developments. Sunac China Holdings didn’t pay a U.S. dollar-bond coupon before a Wednesday deadline and doesn’t expect to make payments on other notes. Sunac has also defaulted on interest payments…
