Home » Posts tagged with » bondholders

China’s Property Sector Is Crashing Again And This Time It Has Reached The Country’s Biggest Developer

China’s Property Sector Is Crashing Again And This Time It Has Reached The Country’s Biggest Developer

By Tyler Durden | ZeroHedge The crisis engulfing China’s property sector – which has prompted Beijing to capitulate on its tightening ambitions yet again, and forced China to launch an increasingly more aggressive easing campaign, which so far culminated in the first rate cut in Chinese official rates in almost two years – has impacted […]

China’s Evergrande Makes Last Minute Interest Payment On Dollar Bond, Avoiding Default

China’s Evergrande Makes Last Minute Interest Payment On Dollar Bond, Avoiding Default

BY Tyler Durden | ZeroHedge In a surprise 11th hour development, China Evergrande made an overdue interest payment to offshore bondholders, the state-owned Securities Times reported Friday, an unexpected move that allows the property company to postpone – if not avoid – a default. The Chinese property developer sent $83.5 million to the trustee for […]

Evergrande Shares Tumble On Sale Failure, 97% Plunge In Sales As Markets Brace For Chinese Default Avalanche

Evergrande Shares Tumble On Sale Failure, 97% Plunge In Sales As Markets Brace For Chinese Default Avalanche

BY Tyler Durden | ZeroHedge After weeks of being halted for trading since the last day of September, on Thursday trading in shares of China’s most insolvent property developer, Evergrande, resumed. In retrospect, it was not a great idea. Evergrande shares slumped as much as 14.2% after the debt-strapped developer sought unsuccessfully to sell a controlling […]

Evergrande Makes Onshore Coupon Payment As Offshore Creditors Brace For Official Default

Evergrande Makes Onshore Coupon Payment As Offshore Creditors Brace For Official Default

BY Tyler Durden | ZeroHedge One month ago, when the world was gripped by the crisis involving China’s 2nd largest property developer Evergrande, we said that “Beijing will pay local bondholders and soft nationalize Evergrande, but will avoid allegations of backsliding on tightening/deleveraging promises and and “common prosperity” by stuffing foreign creditors.” Brilliant: Beijing will […]

“It’s A Disastrous Day” – All Hell Breaks Loose In China’s Bond Markets

“It’s A Disastrous Day” – All Hell Breaks Loose In China’s Bond Markets

BY Tyler Durden | ZeroHedge The US bond market may be closed, but it was fully open in China, and locals took advantage of this fact to do one thing: sell. In the aftermath of our viral post “”Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play“, China property firms bonds were hit […]

“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

BY Tyler Durden | ZeroHedge No matter how the Evergrande drama plays out – whether it culminates with an uncontrolled, chaotic default and/or distressed asset sale liquidation, a controlled restructuring where bondholders get some compensation, or with Beijing blinking and bailing out the core pillar of China’s housing market – remember that Evergrande is just […]

China’s “Lehman Moment” Arrives On 13th Anniversary Of Lehman Bankruptcy: Beijing Tells Banks Evergrande Won’t Pay Interest

China’s “Lehman Moment” Arrives On 13th Anniversary Of Lehman Bankruptcy: Beijing Tells Banks Evergrande Won’t Pay Interest

BY Tyler Durden | ZeroHedge Yesterday, when covering the non-stop drama surrounding China’s most insolvent property developer, Evergrande, we said that it would be remarkably ironic if Evergrande were to announce a default – which everyone knows is coming – today, on the 13th anniversary of Lehman’s bankruptcy filing on Sept 15, 2008.   Evergrande […]

King of Debt Seeks Presidency

King of Debt Seeks Presidency

By: Peter Schiff   During a lengthy interview on CNBC the week before last, Donald Trump, fresh from becoming the presumptive Republican nominee, came as close as any major presidential contender ever has to saying that America is not capable of repaying her debts in full, and that our path to economic recovery might involve some […]