| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

Bond Market News

China Offshore Defaults at $11.8bn YTD after Evergrande and Kaisa Events

Offshore defaults by Chinese developers have hit $11.8bn YTD after Kaisa and Evergrande missed their bond payments earlier this month. Bloomberg reports that the offshore sum includes 24 USD and 4 EUR-denominated bonds. The year had popular names like Tsinghua Unigroup defaulting on about $2bn in bonds in January, CFLD’s $530mn default at the end of February, Fantasia’s $205.656mn default in October, Evergrande’s $82.5mn in missed coupons and Kaisa’s $400mn bond default in December. Meanwhile, Bloomberg adds that onshore defaults have hit a record RMB 182.8bn ($28.7bn) including 39 private and 99 public offerings.

Related Posts:
Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960
© Copyright BondbloX 2024, All Rights Reserved.