ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China debt crunch

Developer Sunac China admits default on $750m bond

Chairman offers 'sincere apologies' while warning it could miss more debt deadlines

Sunac China missed $104.73 million in interest coupon payments on four offshore bonds last month.   © AP

HONG KONG -- Sunac China Holdings, one of the country's largest developers, acknowledged on Thursday that it had defaulted on a $750 million bond.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more