Latest Breaking News On - பல்கலைக்கழகம் நிறுவனர் குழு கார்ப் - Page 2 : comparemela.com
China Huarong s Plunging Bonds Point to Major Market Shift
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
What Keepwell Means in Case of China Bond Defaults
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
Bloomberg News, Bloomberg News BC-Chinaâs-Record-$30-Billion-Bond-Defaults-Seen-Rising-This-Year , Bloomberg News
(Bloomberg) Defaults by Chinese companies are likely to top last yearâs record as tighter monetary policy squeezes borrowers, according to China Merchants Securities Co.
Some 39 Chinese companies both domestically and offshore defaulted on nearly $30 billion of bonds in 2020, pushing the total value 14% above 2019âs. Locally, delinquencies fell to 137 billion yuan ($21 billion) from 142 billion yuan the previous year, while offshore they rose to $8.6 billion from $3.9 billion.
âThe central bank will implement more prudent monetary policies this year,â said Yuze Li, a credit analyst at China Merchants Securities. âMore companies may face refinancing pressure. As the maturities jump, the default amounts will climb by an estimated 10%-30% from the previous year,â he said, referring
Dec 11 2020, 4:40 AM
December 10 2020, 7:22 AM
December 11 2020, 4:40 AM
(Bloomberg) China will almost certainly let a high-flying chipmaker default on $2.5 billion worth of dollar debt, the strongest signal yet that foreign investors shouldnât count on Beijing to bail them out.
(Bloomberg) China will almost certainly let a high-flying chipmaker default on $2.5 billion worth of dollar debt, the strongest signal yet that foreign investors shouldnât count on Beijing to bail them out.
Tsinghua Unigroup Co. said it wonât be able to repay the principal on a $450 million dollar bond due Thursday, which would trigger cross defaults on a further $2 billion of debt. This would be the companyâs first dollar bond repayment failure and came after it defaulted on a 1.3 billion yuan ($199 million) local bond last month.