Doomer Doug
TB Fanatic
They have different letterheads, Old Archer.
ALERT Clif High: Evergrande has defaulted, taken over by the CCP
- Thread starter Hacker
- Start date
I had no idea you'd been following that long. Myself it's been since 2004. Clif mentioned in his last Vid about Evergrande that the info came from another person.
B-T-W Clif's twitter has been down since Nov 24, twitter banned him. His other account I have been there.
Heliobas Disciple
TB Fanatic
Yes, the Telegraph account. He's posted some news articles (the one about kamala last night for example but not the only one) that are fake news. And reposted from others some videos lately which are also fake news. I try to watch what he posts and lately they've been junk. (not his videos, or his interviews, just the reposts of others' videos). As I said, not sure what's up with that, he's usually very responsible so it could be he's got some motive I'm not seeing. I've been following Clif since the George Ure days so at least one decade plus, we've discussed Clif (you and I) for a long time on UNEX.
HD
Heliobas Disciple
TB Fanatic
Bondholders Don’t Get Paid; Kaisa Deferral: Evergrande Update
(Bloomberg) -- Some China Evergrande Group bondholders have not received overdue coupon payments after the end of a month-long grace period, putting the world’s most indebted property developer on the brink of its first default on offshore notes.Most Read from BloombergSand and Soldiers Mix as...
Bondholders Don’t Get Paid; Kaisa Deferral: Evergrande Update
Jan Dahinten
Tue, December 7, 2021, 2:42 AM
Some China Evergrande Group bondholders have not received overdue coupon payments after the end of a month-long grace period, putting the world’s most indebted property developer on the brink of its first default on offshore notes.
A group of Kaisa Group bondholders have sent the beleaguered property firm a formal forbearance proposal, which may buy some time and help it avoid a default on $400 million dollar bonds due Tuesday.
Shares in China’s real-estate companies jumped after policy makers moved to expand support for the economy as a property market downturn threatens to hamper growth into next year.
Evergrande dollar bonds were largely unchanged Tuesday with the note due March 2022 at 22.5 cents on the dollar, while its bond due 2025 stood at 18.6 cents, Bloomberg-compiled prices show. The shares erased a gain of 8.3%, the biggest jump in two weeks to trade 1.1% higher.
Long-term issuer default rating was downgraded by Fitch Ratings to C from CCC-, with its senior unsecured debt rating also suffering an identical cut.
“Default or default-like process has begun, based on the company’s announcement that it has not made payments or reached an agreement with creditors regarding its offshore financing, after it received notice from creditors demanding payment on financings with principal amount of around $651 million following recent rating actions by rating agencies,” Fitch said in a statement.
EARLIER REPORT SAME LINK
Evergrande Bondholders Yet to Receive Coupon Payments Due Monday (2:29 p.m. HK)
Some China Evergrande Group bondholders had yet to receive overdue coupon payments by the end of a month-long grace period, signaling a possible default by the developer as it prepares for one of China’s largest-ever debt restructurings.
Two holders of the dollar notes sold by Evergrande’s Scenery Journey Ltd. unit said they hadn’t received the payments as of 12:30 a.m. New York time Tuesday. The coupons -- $41.9 million for a note maturing in 2022 and $40.6 million for a bond due the following year -- were initially due Nov. 6, with a 30-day grace period. The holders spoke on condition of anonymity to discuss private investments.
Evergrande didn’t immediately respond to a request for comment.
Tristan
Has No Life - Lives on TB
Tristan
Has No Life - Lives on TB
He's moved by the Spirit?
He feels the 'Quickening'?
There's no going back, so he can finally show all his cards?
The voices in his head told him to say it? (just kidding...!)
Who can say? Clif is always making some interesting assertions, that's for sure.
No need to take over what you already own.
Go buy some shares in the Chinese Evergrande (not the ADRs) ... see #32 above.
Meemur
Voice on the Prairie / FJB!
I go back to the George Ure days and would like to hear from Rhea Lady if she is still around.