China's troubled property companies face a tough first quarter, as they have to pay back a record amount of offshore bonds while new home sales are depressed and finding financing remains a challenge, analysts say.
In the first three months of 2022, developers face obligations to repay 117.7 billion yuan ($18.5 billion) in maturing offshore bonds, a record quarterly high, analysts at brokerage Huatai Securities wrote in a report last week.
