Evergrande, the $300 BILLION Collapse
The Young Investors Podcast
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China Evergrant Group Missed Interest Payments Due on Mondaya
China evergrant group missed interest payments due on mondaya to at least two of its largest bank creditors, taking the cash strapped developer a step closer to one of the nation's biggest debt re structurings. For that bond, luckily for them, there is a 30 day period before a missed payment is considered a default. But if they don't make it, then essentially, as as i said before, it starts that 30 days ticking time bomb where they've got, i they have to pay it before it's considered adefault.
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