China Evergrande (3333 HK) main unit Hengda Real Estate will make interest payments due tomorrow

China Evergrande (3333 HK) main unit Hengda Real Estate will make interest payments due tomorrow

China Evergrande (3333 HK) main unit Hengda Real Estate will make interest payments due tomorrow
— Newsquawk (@Newsquawk) September 22, 2021

Added at 8:11pm

China Evergrande Main Unit Hengda Real Estate Group Will Make Coupon Payment For Onshore Bond Due September 23 - RTRS
— LiveSquawk (@LiveSquawk) September 22, 2021

Added at 8:21pm

Evergrande main unit says will make payment on September 23

From forexlive.com

China Evergrande main unit Hengda Real Estate will make coupon payments for onshore bonds due tomorrow This is re its Shenzhen-traded 5.8% Sept 2025 bond on 23 September Risk spikes. AUD, NZD, equity index futures all jump ... CAD, GBP, EUR .... all' of em higher AUD/USD:

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minhao1002

Sep 21, 2021 8:26pm

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it's not meanIt has to be paid on the 23rd, but it does not mean that it has the ability to pay.They will declare non-payment and go bankrupt. The situation will end as the government nationalizes their assets. It will take a very long time.

ww3361

Sep 21, 2021 8:19pm

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Wonderful chance to sell the bounce here. Love how the media believes the market is down here because of Evergrange!

Konichiwhaat

Sep 21, 2021 8:18pm

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sooooooo.... they will or will not pay off their debt?

Not-KPMG

Sep 22, 2021 6:13am

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Quoting Konichiwhaat

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sooooooo.... they will or will not pay off their debt?

Ignored

Smart question.

Answer is they'll delay

But NOONE in the commie China or socialist West

can pay all debt.....

So yeah, bancruptcy is coming (slowly or fast, don't care.)

Not-KPMG

Sep 22, 2021 6:15am

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Here's a picture...
Same in China....

Attached Image (click to enlarge)

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Name: bitcoin is ark.jpg
Size: 213 KB

May be out of date

Things are much worse now

NotBoris

Sep 22, 2021 1:39am

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Quoting Guest

Disliked

Seen similar payment promises in other developing countries. Builders move money from their other businesses to buy time and could be paying off some bank/government officials to cover paper trail, but ultimately default and land up in jail or go bankrupt. Evergrande has pushed the "Can" by few months the most.

Ignored

What will you instead?

Just declare bankrupt or do your best to save your business??

Trader#F453

Sep 21, 2021 9:36pm

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Seen similar payment promises in other developing countries. Builders move money from their other businesses to buy time and could be paying off some bank/government officials to cover paper trail, but ultimately default and land up in jail or go bankrupt. Evergrande has pushed the "Can" by few months the most.