Business Maverick: Evergrande suffers first rejection on local bond extension

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الإمارات العربية المتحدة أخبار أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

A credit crunch at the Chinese property giant roiled markets last year as authorities embarked on a sweeping clampdown of the nation’s debt-saddled property sector. If Evergrande fails to repay the local bond, it could mark the developer’s first ...

The China Evergrande Group suffered its first rejection from local creditors to extend a bond payment deadline, in a development that marks growing impatience with the distressed builder at the centre of the nation’s property debt crisis.

“This is the first time it failed to extend an onshore bond and will constitute a default,” said Li Kai, CIO at Beijing Shengao Private Equity Fund Management Co Ltd. “It will create a new path for restructuring and will have implications in pricing of real estate bonds, especially extended bonds. We expect more onshore defaults from here.”

what would have been its first default on a public onshore bond by obtaining investor backing to delay early repayment on the note for six months.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

I acted on faith, I'm now reaping the reward of that bold step and making more money than I couldn't even imagine all thanks to an amazing woman fx_sarah_jeff

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

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