Shimao Property’s Stocks and Bonds Plunge, One of CCP’s Real Estate Giants

Shimao Property’s Stocks and Bonds Plunge, One of CCP’s Real Estate Giants

According to a report by The Epoch Times on December 14, Shimao Property Holdings Limited, one of the 13th largest real estate giants in Communist China and one of the largest real estate companies with the bond issuance, plummeted in stock and bond prices on December 13, affecting other real estate companies.
KAISA GROUP, Deep in Debt Crisis, Plans To Extend $400 Million Bonds for a Year and a Half

KAISA GROUP, Deep in Debt Crisis, Plans To Extend $400 Million Bonds for a Year and a Half

On Nov. 24, Chinese Communist Party real estate developer Kaisa Group, which is mired in a debt crisis, recently planned to extend a $400 million bond due to mature for a year and a half, according to two people familiar with the matter.
Another Subsidiary of CCP Evergrande Group Has Overdue Interest Payments on Its Bonds

Another Subsidiary of CCP Evergrande Group Has Overdue Interest Payments on Its Bonds

Evergrande Group, which is deeply in debt crisis, has recently reported that the coupon of a subsidiary's USD bond with a total amount of about US$82.49 million is overdue and has entered the final grace period of 30 days.
Evergrande Corporate Bonds Stop Trading for One Day

Evergrande Corporate Bonds Stop Trading for One Day

9/16/2021 Evergrande Real Estate Co., LTD issued an announcement of suspension of trading of corporate bonds for one day, and when restart trading on Sep 17, 2021, the trading method will be adjusted.
Bloomberg Analyst: Evergrande’s Debt Crisis Will Bring In Systemic Risk

Bloomberg Analyst: Evergrande’s Debt Crisis Will Bring In Systemic Risk

9/9/2021 Bloomberg analyst Rebecca Choon: Evergrande’s debt crisis will bring in systemic risk for the credit market. Their broad network of suppliers, subcontractors and banks will be hugely impacted too.