Indebted China Developer Agile Faces Debt Repayment Pressure - Bloomberg

2022-06-15 16:42:36 By : Mr. Pengfei Qin

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A Chinese builder of villa apartments and high-rise homes set amid landscaped gardens is facing mounting concerns about its longer-dated debt.

Agile Group Holdings Ltd.’s dollar bonds maturing in August are trading above 80 cents on the dollar, with sentiment buoyed by recent loan repayments. However, investors are pricing in a significant risk of nonpayment further down the line. Notes maturing in 2025 and 2026, as well as Agile’s perpetual debt, are no higher than 40 cents according to Bloomberg-compiled data. Shares, meanwhile, hit the lowest since 2009 this month.