China Evergrande News

• China Evergrande to avoid default after supplying funds for interest payment: reports

  News of the remittance will likely bring relief to investors and regulators worried about a default's wider fallout in global financial markets.

  Money

  Oct 22, 2021
  
• China Evergrande misses 2nd debt payment in a week, investors fear ‘large losses’

  The company was due on Wednesday to make a $47.5 million bond interest payment on its 2024 dollar bond, after having missed $83.5 million in coupon payments last Thursday.

  Money

  Sep 30, 2021
  
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• Evergrande to sell $1.5B stake in Chinese bank as it scrambles to avoid debt default

  Shengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle its debt to the bank.

  Money

  Sep 29, 2021
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• China Evergrande debt crisis is worrying investors. Why, and what’s happening?

  Evergrande is China’s second-largest property developer with US$110 billion in sales last year, US$355 billion in assets, and over 1,300 developments nationwide.

  Money

  Sep 24, 2021
• China Evergrande investors left in dark after payment deadline passes

  Evergrande's shares handed back some Thursday gains on Friday and fell 13 per cent, while stock of its electric-vehicle unit dropped 20 per cent to a four-year low.

  World

  Sep 24, 2021
• China Evergrande inches closer to default as interest deadline quietly expires

  A Thursday deadline for paying $83.5 million in bond interest passed without remark from Evergrande or any sign of bondholders being paid.

  Money

  Sep 24, 2021
• China readies for ‘possible storm’ over lingering Evergrande debt crisis: reports

  China has tasked local governments with preventing unrest and mitigating the ripple effect on home buyers and the broader economy, the Wall Street Journal reports.

  World

  Sep 23, 2021
• China Evergrande reaches debt deal – but questions remain

  Many financial institutions have exposure to Evergrande through direct loans and indirect holdings, while any defaults will also trigger sell-offs in the high-yield credit market.

  World

  Sep 22, 2021