evergrande
- Thread starter Pyrexcup
- Start date
they wanted to have this united globalism bullshyt... 
china got the money lets keep it real the govt gonna handle it 
the Chinese government will not bailout foreign investors. when it's fully realized the interest on those bonds will not get paid, U.S bondholders will adjust the books and there will be a ripple effect. Its very possible those bonds were used as collateral to leverage other investments, thats why the word contagion is being used by many analysts.
ok but evergrande is not a foreign company it is based in china and buy all rights the govt can intervene and liquidate its assets or takeover and nationalize its shyt and pay back the investors on the way out... the u.s. bondholders was fukking stupid for even investing their money over there. what's the legal recourse???
who knows
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bailing out leads to greater jeopardy and more future risk taking in investments .. Keynesian capitalism mandates investment failures.
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ok so dont bail them out just liquidate their assets
someone will be charged with unwinding their business should they go out of business.
it has been said that the chinese govt will protect the consumers (chinese population) but we will see.
Somebody break it down short and sweet
China Evergrande's offshore bond default imminent; bondholders' advisor says
October 8, 20217:42 AM EDTLast Updated 4 hours ago
China
China Evergrande's offshore bond default imminent; bondholders' advisor says
Reuters
1 minute read
Police officers and security personnel walk outside the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China, September 30, 2021. REUTERS/Aly Song
HONG KONG, Oct 8 (Reuters) - China Evergrande Group (3333.HK) is expected to default on its offshore bond payment obligations imminently, investment bank Moelis & Co, which has been selected as an advisor by a group of the cash-strapped developer's bondholders said on Friday.
Evergrande, which is facing one of the country's largest defaults as it wrestles with more than $300 billion of debt, has already missed coupon payments on dollar bonds twice last month. read more
The missed payments, worth a combined $131 million, have left global investors wondering if they will have to swallow large losses when 30-day grace periods end for coupons that were due on Sept. 23 and Sept. 29.
October 8, 20217:42 AM EDTLast Updated 4 hours ago
China
China Evergrande's offshore bond default imminent; bondholders' advisor says
Reuters
1 minute read
Police officers and security personnel walk outside the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China, September 30, 2021. REUTERS/Aly Song
HONG KONG, Oct 8 (Reuters) - China Evergrande Group (3333.HK) is expected to default on its offshore bond payment obligations imminently, investment bank Moelis & Co, which has been selected as an advisor by a group of the cash-strapped developer's bondholders said on Friday.
Evergrande, which is facing one of the country's largest defaults as it wrestles with more than $300 billion of debt, has already missed coupon payments on dollar bonds twice last month. read more
The missed payments, worth a combined $131 million, have left global investors wondering if they will have to swallow large losses when 30-day grace periods end for coupons that were due on Sept. 23 and Sept. 29.
Evergrande over-leveraged themselves and are likely to default on billions of dollars of loans.Somebody break it down short and sweet
This could have a domino effect across the globe. People are hoping the Chinese government steps in help the problem. Basically...get the public's money to bail out Evergrande (and others).
More or less what happened in the US in 2007.
Same shyt as always. Corporations fukk up. Ordinary people are called on to put out the fire....but without any guarantees that the public will be reimbursed or take partial ownership of the enterprise.