Evergrande officially declared indebtness on offshore/international bonds! Kaisa struggles for relief from bondholders as default risk looms

Sharing is Caring!

by Scrolling_Scroller

Things are actually happening!


Link to below official statement:


China’s Kaisa struggles for relief from bondholders as default risk looms

HONG KONG, Dec 2 (Reuters) – Chinese developer Kaisa Group Holdings Ltd (1638.HK) is unlikely to win bondholders’ approval to extend the maturity of a $400 million bond due next week, analysts say, heaping more pressure on other indebted peers.

Kaisa’s proposal to delay the maturity of the bond by 18 months comes against the backdrop of growing creditor concerns about Chinese property developers’ ability to meet their near-term offshore repayment obligations.

Some developers in late October called on regulators to extend their offshore bond maturities or undertake a debt restructuring, as a growing number of defaults hit the sector in a fallout from embattled China Evergrande Group (3333.HK).


See also  Top Thai authorities including advisors are prepared to see to it that the Pfizer contracts are declared null and void.
See also  Bank of International Settlements, the Central Bankers' bank, says inflation now structural, we face 'period of structurally higher inflation compared to the past two decades

Views: 22

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.