China tightened financing curbs on the real estate industry early this year, exacerbating financial problems at indebted developer China Evergrande Group and triggering sector-wide liquidity stress that some feared could destabilise China's economy.
According to the filing system of China's interbank debt market, Country Garden Real Estate Group, controlled by Country Garden Holdings, plans to issue medium-term notes worth 5 billion yuan. Separately, the state-owned developer China Overseas Enterprise Development Group Co aims to issue three tranches of debts totalling 10 billion yuan, according to the registration filing.
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