Home » Posts tagged with » plunging

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 […]

Hong Kong Stocks Crash, Futures Slide As Markets Finally Freak Out About Evergrande Default Contagion

Hong Kong Stocks Crash, Futures Slide As Markets Finally Freak Out About Evergrande Default Contagion

BY Tyler Durden | ZeroHedge Well, as we warned, the Evergrande contagion has finally arrived and with China closed for holiday traders are getting out while they can and where they can, and on Monday morning in Asia that means Hong Kong, where Evergrande – which is about to default – has crashed by another […]