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Caixin Global
Caixin Global
Business
Guo Yingzhe and Niu Mujiangqu

China’s Real Estate Woes Push Property Services Firm to Default on Dollar Bond

What’s new: Real estate services provider E-House (China) Enterprise Holdings Ltd. has defaulted on a $298 million U.S. dollar bond after getting caught up in the financial troubles of several property developers, it said in an exchange filing.

The default on the 7.625% bond, which was due Monday, triggered a cross-default on a $300 million note due in 2023.

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