The Evergrande Crisis Deepens + Can the U.S. Actually Default?
The Young Investors Podcast
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China Evegrands Offshore Bonds - A Bond Coup on Payments Due
Evergrand missed two big a bond coup on payments due. They also sold their 20 % stake in shenjing bank to a state owned asset management company for one and a half billion dollars. However, under the agreement announced to the hong kong stock exchange, the proceeds of the sale will be used to pay money that ever and own i owes to shencing bank,. which is one of the main lenders to the heavily indebted firm. So they got 30 days to come up with that money that they are in default.
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