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China developers face $38bn ‘bond challenge’

Bloomberg Chinese property developers face a wall of local bonds that investors can force them to pay off next year ahead of schedule, just as rising interest rates raise the risk that more note holders may opt to do so. Investors have an option to offload $38 billion of such notes in 2018, according to Bloomberg data. To put some ...

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Alibaba plans to buy $100mn in Best Inc.’s downsized IPO

Bloomberg Alibaba Group Holding Ltd. plans to invest about $100 million in Best Inc.’s initial public offering, after the Chinese logistics provider cut the size of the deal nearly in half, according to people with knowledge of the matter. Best is seeking as much as $495 million from the IPO after it reduced the price range and existing investors decided ...

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Tata boosts carmaker stake in new deal

Bloomberg Tata Sons Ltd. is buying as much as $312 million of Tata Motors Ltd. shares, as India’s biggest conglomerate seeks greater control of the Jaguar Land Rover owner, a person with knowledge of the matter said. Tata Sons is the undisclosed purchaser seeking to buy stock equivalent to 1.7 percent of the company in a deal launched, said the ...

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