Local administrations issued bonds to the tune of 1.41 trillion yuan ($210 billion) up till Sunday June 26, which was an 80% jump from a year ago, and that total could rise further

The yuan-denominated bonds are offered by mostly European automobile firms and financial institutions to balance foreign exchange risks

Ratings agency S&P Global downgraded Greenland to "selective default" on Wednesday after the state-backed property developer extended the maturity of $488 million in bonds

The calls come as global fixed-income traders sold about $35 billion worth of yuan-denominated bonds in the first four months of this year

New construction starts measured by floor area plunged 30.6% in January-May from a year earlier, after a 26.3% fall in January-April

The five-year $200 million social bond with a coupon rate of 5.875%, and $500m green perpetual bond at a coupon rate of 6.15% were oversubscribed by nearly five times, the group said.

AIIB, a multilateral development bank headquartered in Beijing, issued 1.5 billion yuan ($224 million) of three-year bonds with a coupon rate of 2.4%

Local governments will need to issue another $210bn in special bonds this month if they want to meet the cabinet's half-year goal

The 5-year notes carry a coupon of 4.40%, while the 10-year notes have a 4.70% coupon, below the sovereign's initial price guidance

Securities brokerages will issue credit default swaps or credit risk mitigation warrants for the bonds to make them more attractive

Average new home prices in 70 major cities fell 0.2% on a month-on-month basis, compared with zero growth in March, according to Reuters calculations

The developer had been planning to use presale funds due to pay $29.5 million in interest on the bond that was required to be repaid last month