This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
China Offshore Defaults at $11.8bn YTD after Evergrande and Kaisa Events
December 14, 2021
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.
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.