Home » Posts tagged with » distressed

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 […]

“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 […]