According to an insider, the heavily indebted real estate company has not yet paid some bondholders. Evergrande has more than $ 300 billion in debt.
Evergrande
The Chinese real estate company has apparently once again failed to meet a payment deadline. (Image: Reuters) Hong Kong According to insiders, the highly indebted Chinese housing construction group China Evergrande has again let payment deadlines pass unused. Some bondholders have not yet received the coupon payments due, three people familiar with the matter told Reuters news agency on Wednesday. “The lack of payments shows that Evergrande is still not doing well even though it is completing apartments, ”said Thomas Kwok, chief securities officer in Hong Kong. Evergrande had to service new coupon payments of $ 255 million on Tuesday for two bonds dated June 2023 and 2025. There is a 30-day grace period for both payments. Evergrande has more than $ 300 billion in debt and is attempting to raise cash by selling assets and stocks to compensate suppliers and creditors. The trembling game of the industry giant and other indebted Chinese real estate companies increases the pressure on the government to prevent a conflagration in the Chinese real estate and financial markets. More: The prospect of government support for the ailing real estate sector is generating renewed confidence. A wildfire could be avoided in this way.
Top jobs of the day
Now find the best jobs and
be notified by email.
be notified by email.
- rtr
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
USB C Charger iPhone Charger Fast Charging 3Pack 20W Type C Wall Charger Block with 6FT Long USB C to Lightning Cable Compatible with for iPhone 14Pro/13 Pro/12/12 Pro Max/11/XS Max/XS/XR/X/8
$12.99 (as of July 4, 2024 21:15 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
BALEAF Women's 8"/ 5"/ 3" Biker Shorts High Waist Yoga Workout Gym Running Volleyball Spandex Shorts with Pockets
$14.98 (as of July 4, 2024 21:15 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Water Shoes for Women Men Quick-Dry Aqua Socks Swim Beach Barefoot Yoga Exercise Wear Sport Accessories Pool Camping Must Haves Adult Youth Size
$7.99 (as of July 4, 2024 21:15 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple Pencil Pro: Advanced Tools, Pixel-Perfect Precision, Tilt and Pressure Sensitivity, and Industry-Leading Low Latency for Note-Taking, Drawing, and Art. Attaches, Charges, and Pairs Magnetically
$110.52 (as of July 4, 2024 21:15 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
