*SOME CHINA EVERGRANDE GROUP OFFSHORE BONDHOLDERS HAVE NOT RECEIVED INTEREST PAYMENT BY END OF MONDAY DEADLINE ASIA TIME – SOURCES
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— Investing.com (@Investingcom) October 11, 2021
Chinese housing developers ran up $5 trillion of debt in a historic real-estate boom. Beijing is trying to cool things down without hurting the economy.
I call $5 trillion and raise you… https://t.co/eig8pb9VBV
— PPG (@PPGMacro) October 10, 2021
Chinese developer Sinic Holdings said it would likely #default on its 2021 #bonds, as it does not have enough financial resources to the make payments by their maturity date – @reuters #China #Sinic #Evergrande #debt
— Global Markets Forum (@ReutersGMF) October 11, 2021
More here (2/4) pic.twitter.com/7Af45QJmk1
— Sofia Horta e Costa (@SofiaHCBBG) October 8, 2021
And this one wraps it up — this is October ONLY, maturities are far larger in January (4/4) pic.twitter.com/M6xiFPhcwl
— Sofia Horta e Costa (@SofiaHCBBG) October 8, 2021
Chinese developers are scrambling for ways to avoid outright default.
From distressed debt exchanges to extending payment deadlines — these are some of the first concrete signs of #Evergrande contagion.
More: https://t.co/endMBIf5wW latest for @markets w/ @iverunoutofname
— Rebecca Choong Wilkins 钟碧琪 (@RChoongWilkins) October 11, 2021
China high yield bond spreads just hit a massive 1866 bps, the widest on record. H/T to Morgan Stanley's quant desk. @markets pic.twitter.com/IvHpmkOJfW
— Sofia Horta e Costa (@SofiaHCBBG) October 11, 2021
h/t Doorbert Returns