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.
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
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailymaverick - 🏆 3. / 84 Read more »
North West cop arrested for ‘robbing business of cigarettes’A North West police officer may have puffed his job goodbye after he allegedly robbed a local business of cigarettes. Belinqanqathekile elirhada! What more is needed to further besmirch the name & reputation of the South African Police Force? Please 'guys & gals'...we deserve to have a Force of which we can ALL be proud.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
North West cop arrested for ‘robbing business of cigarettes’A North West police officer may have puffed his job goodbye after he allegedly robbed a local business of cigarettes.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
North West cop arrested for ‘robbing business of cigarettes’A North West police officer may have puffed his job goodbye after he allegedly robbed a local business of cigarettes.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: News24 - 🏆 4. / 80 Read more »