Evergrande Real Estate Group Ltd updates
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Bond yields at some of China’s biggest real estate companies are rising in a sign that fears over debt problems at leading developer Evergrande are spreading more widely through the sector.
The bonds of Guangzhou R&F, a property developer, edged lower in Shanghai on Tuesday to 60 per cent of their face value, following falls of more than 20 per cent a day earlier. The moves came after Moody’s, the rating agency, downgraded the group’s