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Chinese property bonds firm after Kaisa and Sunac make coupon payments

Chinese property bonds remained firm on Tuesday after the two major developers made coupon payments

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(Photo: Reuters)

Hong Kong
Chinese property bonds remained firm on Tuesday after two major developers made coupon payments, though the market remained focused on the potential for default by China Evergrande Group this week.

The bond market has responded positively to comments from China's central bank on Friday and Sunday saying that spillover effects from Evergrande's debt problems on the banking system were controllable and that China's economy was "doing well".

Sunac

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)