evergrande

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[FaTaL]

the haven't been declared in default in a court of law, fitch is the only ratings agency thats rated them as "restricted default" and moodys and S&P rating still allows their bonds to be used as collateral. once either moodys or S&P rating changes to restricted default/default even without it being declared in court then lenders might margin call hedge funds. evergrande has like $200+ million they have to pay bondholders in january and another $2.1 billion in march or april. they don't have it and everyone was hoping for a bailout by the chinese government but thats not looking likely and institutions are scared to publicly ask for it because the house of cards will crumble.

So by Jan?

 

[ORDER_66]

$300 Billion and there's more chinese companies crashing?!? where the fukk is the money going???

 

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So by Jan?

they can probably drag this out for months, they didn't have the money in september and they're still kicking months later. unconfirmed reports of payments made to bondholders by anonymous sources just so they can stall some more.

 

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archive.md




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Anchorage Capital Group 13F filings and top holdings and stakes - stockzoa

 

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Spoiler: mirror

archive.md

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Chinese bankruptcy law also gives preference to secured creditors such as banks over unsecured ones such as bondholders.

 

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archive.md

 

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[Tupac in a Business Suit]

archive.md




another one

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Anchorage Capital Group 13F filings and top holdings and stakes - stockzoa

What does Anchorage closing its doors mean in relation to Evergrande bond defaults? The Bloomberg screen grab shows that they aren’t exposed as a bag holder and their quarterly filings show exposure to the S&P ETF more than anything. I assume I am reading this as a flight to safety for them and their partners?

 

[jerzboy]

Coli financiers, how do I make money off this lol

 

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What does Anchorage closing its doors mean in relation to Evergrande bond defaults? The Bloomberg screen grab shows that they aren’t exposed as a bag holder and their quarterly filings show exposure to the S&P ETF more than anything. I assume I am reading this as a flight to safety for them and their partners?

they have nothing to do with evergrande bonds, i'm documenting evergrandes demise and the signs of a market downturn which would include hedge funds closing voluntarily or defaulting. we now know they've experienced heavy losses and a massive sell-off will happen or has happened seeing as how they're returning billions of dollars to their customers. they had puts on meme stocks and were likely shorting them as well through swaps.

domo capital alluded to it last month.