Evergrande was due to pay $83 million of interest on Thursday for a dollar-denominated bond that's set to mature in March 2022. Dollar bonds are typically held by foreign investors.
A man drives a cart past apartment buildings at China Evergrande Group's Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021.has not said whether it will fulfil its interest payments to investors on its U.S.-dollar bond – a key milestone investors have been keeping their eyes on.
One portfolio manager with a private bank told CNBC that no interest payments for the March 2022 bond had flowed into his clients' accounts as of the end of Thursday. His clients are mostly wealthy individuals, said the portfolio manager, who has been in Asian fixed income for 15 years. He did not wish to be identified as he's not authorized to speak to the media.
pls don't talk about it we don't want its tumbling effect here
Evergrande still has more time to meet it's September debt obligations, 30 days, no need to panic.
thanks
Central bank already bailing them out, nothing to see here
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Evergrande meets crucial debt deadline but another loomsChina's Evergrande Group will pay interest due Thursday on one of its bonds, but it's keeping rattled investors guessing about the fate of second, bigger payment due this week. Has China's House Of Cards already begun its domino effect? Here's what you need to know about the EvergrandeCrisis What if the Evergrande event was a distraction from everyone talking about the Fed committing insider trading?
Source: CNN - 🏆 4. / 95 Read more »
Evergrande to make domestic bond coupon payment, soothing fearsChina Evergrande Group's main unit said on Wednesday it would make a coupon payment on its domestic bonds on Sept. 23, offering some relief to jittery markets that had been on edge over fears that a default of China's No. 2 developer could ripple through the global financial system. Still gonna default on the international debt payments though They know there’s another payment after this one right? And another one after that payment? Welcome to the Hand to Mouth club Evergrande ! Or is it Everstrapped?
Source: Reuters - 🏆 2. / 97 Read more »
Evergrande makes deal with domestic bondholders to avoid defaultChinese property titan Evergrande's debt burden remains significant but it urges the market to calm down while the government is mute on the issue despite expectations that it will come forward to help the embattled firm.
Source: trtworld - 🏆 101. / 63 Read more »
China Evergrande nears interest payment deadlineChina Evergrande Group will make it a top priority to help retail investors redeem their investment products sold by the indebted property giant, its chairman said, as uncertainty looms over interest payment due for a dollar bond on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »
Stocks surge, dollar sags as investors digest Fed, EvergrandeWorld stock markets rallied on Thursday and the U.S. dollar retreated from one-month highs as worries faded about contagion from China Evergrande and as investors digested the Federal Reserve's plans for reining in U.S. stimulus. Draghi sta dissodando il terreno arido della politica. Un accelerazione senza precedenti di Indirizzi,decisioni,avvisi, l'Italia ha un PIL quasi al 7%,Transizione energetica in accelerazione.BORSA SU per me FTSEMIB A 30.000 a breve
Source: Reuters - 🏆 2. / 97 Read more »
China Evergrande’s Flagship Business Resolves an Onshore Bond PaymentEmbattled China Evergrande Group’s flagship property business said it would make an interest payment on an onshore bond All those buildings and all those floors of people, but only ONE basketball court? Must take forever to get playtime after calling, 'WE GOT WINNERS.'
Source: WSJ - 🏆 98. / 63 Read more »