Foreign funds that hold corporate bonds of China Evergrande Group, a major property developer in China, have put together their own debt restructuring plans. It is asking the chairman of the company, Hsu Jiayin, to repay the debt with his own funds. FILE PHOTO: Shenzhen, China September 2021. REUTERS/Aly Song (Archyde.com) – Foreign funds holding … Read more
On the 29th, China Evergrande Group announced a tentative policy of presenting a restructuring proposal including a stock exchange of two affiliated companies for foreign currency debts that have not been paid. Pictured is China Evergrande headquarters building. FILE PHOTO: Shenzhen, China January 2022. REUTERS/David Kirton [香港 ２９日 ロイター] – China Evergrande Group, a major … Read more
US Treasury Secretary Janet Yellen emphasized on July 14 that China is Sri Lanka’s “significant creditor” and that any involvement in Sri Lanka’s debt restructuring would benefit both parties. Representative photo taken in Bali, Indonesia on the same day (2022 Archyde.com) [Nusadore (Indonesia) 14th Archyde.com]-US Treasury Secretary Janet Yellen emphasized on the 14th that China … Read more
[London / New York, 27th Archyde.com]-Russia’s foreign currency-denominated government bonds have been identified as default, and bondholders are facing an unusual situation. The Russian government has funds and has indicated its intention to repay it, but the situation is that it cannot be implemented due to sanctions over the invasion of Ukraine. Bondholders are facing … Read more
China’s Evergrande Group will repay about $ 19 billion worth of foreign currency-denominated debt in installments in cash and “equity debt” to transfer to the shares of two affiliated companies listed on the Hong Kong market, according to people familiar with the matter. We are considering a business restructuring plan. The photo was taken in … Read more
[London, 25th Archyde.com]–The US government has postponed the extension of the measures that have allowed Americans to trade in principal and interest payments on Russian government bonds as a special case under sanctions against Russia. On May 25, the US government postponed the extension of the measures that allowed Americans to trade in principal and … Read more
[London19thArchyde.com]-Whether Russian government bonds default (default) is once again the focus of attention. This is because the measures that the US government has exceptionally allowed to trade with the Russian government and government agencies will expire on the 25th, and shortly after that, interest payments of $ 100 million will be made on Russian government … Read more
The company registration document revealed that China’s real estate developer, Evergrande Group of China, had transferred at least two additional construction projects to state-owned enterprises. The photo is the headquarters building of Evergrande China. Taken last September (2022 Archyde.com / Aly Song) [Hong Kong, 25th Archyde.com]–China’s real estate development giant, Evergrande Group of China, has … Read more