China Evergrande unit to make $35.9 million onshore coupon payment on Sept 23

[cadoman]

Source: Yahoo Finance

In a Shenzhen exchange filing, Hengda Real Estate Group Co Ltd said the company would make a coupon payment on its Shenzhen-traded 5.8% September 2025 bond on time on Thursday.

The company's coupon payment totals 232 million yuan ($35.88 million), according to Refinitiv data.

Read more: https://finance.yahoo.com/news/china-evergrande-unit-35-9-015931862.html

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This situation is _highly_ fluid but I felt it was worth discussing that their strategy seems to be veering towards prioritising onshore debt obligations.

Makes a sense in that their working class have a lot tied into this company.

This isn't national news in the most narrow sense but how this company is wound down will likely have more repercussions than the average foreign bankruptcy, and it will be interesting to compare China's approach with how we wound down firms during the 2008 bailouts.

[ZonkerHarris]

1. might give the stock market a breather tomorrow

[bucolic_frolic]

2. China is cooperating or being used to purge steam from this overheated market

4 more weeks and it will be off the radar as tech's annual rally vaults into the new year.