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Page 3 - Evergrande

Evergrande again nears default as China moves to reassure markets

China's central bank said it would cut reserve requirements for banks while the politburo vowed to promote healthy development of the property sector

Evergrande again nears default as China moves to reassure markets
Updated On : 06 Dec 2021 | 8:46 PM IST

Evergrande says no guarantee it can meet repayments, shares hit 11-yr low

In a filing late on Friday, Evergrande, the world's most indebted developer, also said it had received a demand from creditors to pay about $260 million

Evergrande says no guarantee it can meet repayments, shares hit 11-yr low
Updated On : 06 Dec 2021 | 8:32 AM IST

Amid Evergrande crisis, more Chinese property developers to issue ABA

The regulators said any fallout was controllable, and that developers' normal funding needs would be met, but the sector is facing another year of tight funding

Amid Evergrande crisis, more Chinese property developers to issue ABA
Updated On : 05 Dec 2021 | 3:16 PM IST

China: Evergrande tycoon's new banker is the 'queen of shell companies'

Chu's Kingston Securities was the sole manager of two share sales last month by Evergrande's electric-vehicle unit, helping the company raise more than $400 million despite a liquidity crisis

China: Evergrande tycoon's new banker is the 'queen of shell companies'
Updated On : 03 Dec 2021 | 3:28 PM IST

China's Kaisa struggles for relief from bond holders as default risk looms

Kaisa's proposal to delay the maturity of the bond comes against the backdrop of growing creditor concerns about its ability to meet their near-term offshore repayment obligations

China's Kaisa struggles for relief from bond holders as default risk looms
Updated On : 02 Dec 2021 | 10:00 AM IST

China property bonds score strong weekly bounce, Evergrande misses out

Chinese property firms saw their battered bonds cement a strong weekly bounce on Friday, although there was one notable absentee from the rally: China Evergrande Group.

China property bonds score strong weekly bounce, Evergrande misses out
Updated On : 20 Nov 2021 | 2:42 AM IST

Evergrande chief's luxury assets in focus as firm scrambles to pay debts

Evergrande's troubles in meeting bond repayments have rattled markets and left many of its investors, creditors and suppliers in financial chaos

Evergrande chief's luxury assets in focus as firm scrambles to pay debts
Updated On : 16 Nov 2021 | 4:11 PM IST

Evergrande shares hit 6-week high as it again averts default with a payment

Shares of China Evergrande Group extended gains after the cash-strapped developer once again averted a destabilising default with a last minute bond payment this week

Evergrande shares hit 6-week high as it again averts default with a payment
Updated On : 12 Nov 2021 | 2:35 PM IST

Evergrande dodges default again but sector debt concerns remain

Chinese media outlet Cailianshe reported several bondholders have received interest payments of the three bond tranches that had a total of more than $148 million due last month

Evergrande dodges default again but sector debt concerns remain
Updated On : 12 Nov 2021 | 12:57 AM IST

China Evergrande bondholders receive overdue bond coupon payments: Report

Several bondholders of China Evergrande Group have received coupon payments from the indebted property developer, a report said citing sources

China Evergrande bondholders receive overdue bond coupon payments: Report
Updated On : 11 Nov 2021 | 10:44 AM IST

Evergrande teeters on edge of default as $148 million payment falls due

SHANGHAI/HONG KONG (Reuters) - Cash-strapped China Evergrande Group teetered again on the precipice of default as it faced a final deadline to make an offshore bond coupon payment on Wednesday, amid growing concerns about a liquidity squeeze in the property sector.

Evergrande teeters on edge of default as $148 million payment falls due
Updated On : 10 Nov 2021 | 4:52 PM IST

China's real estate problems could hurt global markets, warns US Fed

The Fed pointed specifically to the crisis at real estate developer Evergrande

China's real estate problems could hurt global markets, warns US Fed
Updated On : 09 Nov 2021 | 8:04 PM IST

Chinese banks quicken home loan disbursement but caution prevails

Some Chinese banks have sped up the disbursement of home loans in some cities, a relief to cash-strapped developers anxious to complete sales

Chinese banks quicken home loan disbursement but caution prevails
Updated On : 05 Nov 2021 | 4:07 PM IST

China property firms' shares, bonds take hit after Yango debt exchange

Evergrande narrowly avoided a catastrophic default for the second time in a week on Friday, making a last-minute payment on an overdue dollar bond coupon

China property firms' shares, bonds take hit after Yango debt exchange
Updated On : 02 Nov 2021 | 2:04 PM IST

Two thirds of China's top developers breach state's 'red line' on debt

Developers are facing rising financial stress as stricter rules around borrowing and a deleveraging campaign weigh on the sector.

Two thirds of China's top developers breach state's 'red line' on debt
Updated On : 31 Oct 2021 | 9:24 AM IST

China factory activity contracts for second month as input woes continue

The official manufacturing Purchasing Manager's Index (PMI) was at 49.2 in October, down from 49.6 in September.

China factory activity contracts for second month as input woes continue
Updated On : 31 Oct 2021 | 8:26 AM IST

Evergrande makes coupon payment before Friday deadline: Report

Evergrande, once China's top-selling developer, is reeling under more than $300 billion in liabilities

Evergrande makes coupon payment before Friday deadline: Report
Updated On : 29 Oct 2021 | 5:16 PM IST

Evergrande makes coupon payment ahead of Friday deadline: Reports

Shares of Evergrande rose more than 1% in early trading on Friday, versus a 0.4% decline in the Hang Seng Index.

Evergrande makes coupon payment ahead of Friday deadline: Reports
Updated On : 29 Oct 2021 | 9:17 AM IST

China builders hit by downgrades as Evergrande deadline looms

Evergrande faces a final deadline on Friday for a $47.5 million coupon payment that was due September 29

China builders hit by downgrades as Evergrande deadline looms
Updated On : 29 Oct 2021 | 2:23 AM IST

Evergrande's founder amassed billions in dividends before crisis

Now the China Evergrande Group founder's property empire is teetering on the edge of default - and his pers­onal fortune has landed squarely in the Chinese government's crosshairs

Evergrande's founder amassed billions in dividends before crisis
Updated On : 28 Oct 2021 | 2:38 AM IST