Crisis in China’s property market deepens as developer asks creditors for breathing space to repay corporate bond

Modern Land has requested that investors postpone the maturity date of a £183 million bond from October 25 to January 25. On that day, Modern Land’s April 2023 bond with a 9.8 percent coupon fell more than 25% to 32.25 cents. The slide highlighted the Chinese property market crisis, which has centred on Evergrande and...