Global investors will probably demand more protection from riskier bond issuers in China and Asia by seeking higher returns and more transparency as a result of Evergrande Group's financial woes.
Growing worries about defaults at Chinese property developers sapped investor sentiment on Tuesday, amid fresh credit rating downgrades and uncertainty about the fate of China Evergrande Group as it scrambles to raise cash by selling assets.
Jabal Omar Development Company , one of Saudi Arabia's largest-listed property developers, said on Tuesday it had signed a deal to restructure a 4.7 billion-riyal ($1.25 billion) loan agreed in 2015, including by increasing it and extending the maturity.
Lebanon has resumed "interactions" with the International Monetary Fund with a view to agreeing a recovery programme that can harness international support, the government said on Monday, as it seeks to address a devastating economic meltdown.