, Columnist
They’re Whispering the D-Word in Asia’s Junk Market
China’s high-yield sales, and defaults, are climbing.
Photographer: Alptraum/iStockphoto/Via Getty Images
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Country Garden Holdings Co. has a message for Asian debt junkies — the party’s over.
China’s largest real estate developer may need to return to the dollar bond market after suspending a planned 20 billion yuan ($3.1 billion) sale Tuesday. The firm, no stranger to the offshore world, already squeezed in $850 million of issuance in January, just before a worldwide sell-off.