Bonds

An Evergrande sign is seen at an unfinished theme park in Evergrande Cultural Tourism City in China's Jiangsu Province on Oct. 22.
China debt crunch

China Evergrande dodges default again with interest payment

Two investors say they got coupon payment late Thursday, a day ahead of deadline

29 October 2021
Modern Land China has failed to pay interest and principal on a $250 million bond, the developer revealed. (Screenshot from Modern Land's website) 
China debt crunch

Chinese developer Modern Land fails to repay $250m bond

Company latest in China to miss payments as Evergrande crisis spreads

26 October 2021
Even amid rising default risks, investors are still hunting for bargains in bonds issued by Chinese developers.
Caixin

In depth: Why offshore bonds of Chinese developers are tanking

Low prices lure bargain hunters, but officials say Evergrande mess controllable

25 October 2021
A publication owned by the People's Daily said Evergrande sent funds on Thursday to Citibank to settle a missed bond payment. 
China debt crunch

Evergrande averts default with belated bond interest payment

Chinese developer still under pressure as next deadline looms on Oct. 29

22 October 2021
A woman walks by an Evergrande housing development in Beijing on Sept. 22: The Chinese developer's offshore bondholders "seem to be the last in the queue," according to one analyst.
China debt crunch

Evergrande favors domestic investors as default looms

Offshore bondholders last in line behind households, suppliers, local creditors

19 October 2021
Evergrande has a 30-day grace period to make good on missed coupon payments, meaning a formal default could loom next week.
China debt crunch

Evergrande on countdown to default after more missed payments

Holders of three bond issues had been due to receive $148 million

12 October 2021
The pressures on China Evergrande are weighing on smaller rivals like Modern Land and Xinyuan Real Estate. 
China debt crunch

China Evergrande faces triple deadline for bond interest payments

Almost $150 million due Monday as creditors count down to formal default

11 October 2021
China Evergrande Group founder Xu Jiayin is now facing an uncertain future after his rapid rise to the top. (Source photos by Reuters)  
China debt crunch

China Evergrande's Xu Jiayin finds himself alone

Downfall of developer leaves his billionaire backers hurting, with some deserting

8 October 2021
Fantasia Chairman Pan Jun, center, in 2012: Shares of the Shenzhen-based developer have been suspended from trade since Sept. 29.
China debt crunch

Chinese property developer Fantasia fails to repay bond

S&P declares company in default amid worries about Evergrande

5 October 2021
Holders of Evergrande's dollar bonds are seeking to join forces to press their claims.
China debt crunch

China Evergrande misses another bond payment

Company says work on 20 suspended development projects has resumed

30 September 2021
Property developer China Evergrande Group is attempting to step back from the brink of default but has already missed at least one interest payment on a bond.
China debt crunch

China's Evergrande raises $1.5bn in sale of bank stake

Proceeds expected to go toward settling bank debts, not improving liquidity

29 September 2021
Evergrande Group's Hengchi electric vehicles are on display at the Auto Shanghai show in April. Evergrande's electric car unit has halted plans for a mainland listing.
China debt crunch

Evergrande halts plan for mainland China electric car listing

EV unit was expected to use funds for auto development and working capital

27 September 2021
Evergrande Group's woes could hit highly exposed Chinese banks hard.
China debt crunch

Chinese banks brace for losses as Evergrande reckoning looms

Government could move to protect homebuyers ahead of lenders

22 September 2021
Security personnel seal off Evergrande's offices in Shenzhen. Chinese authorities are keen to prevent the group's troubles from causing wider economic ripples.
China debt crunch

BlackRock, UBS and HSBC Evergrande bond holdings rise

Chairman Xu Jiayin says company will 'walk out of its darkest moment'

21 September 2021
A trader works at the New York Stock Exchange.
China debt crunch

China Evergrande crisis rocks markets across globe

Dow sheds 600 points in worst day since July; Nikkei falls nearly 2%

21 September 2021
Investors gather at Evergrande's headquarters in the southern Chinese city of Shenzhen to demand their money back. (Source photos by AFP/Jiji) 
Market Spotlight

China Evergrande: Investors assess risks of likely default

Crisis at Chinese property developer threatens the bond market, housing market and wider economy

20 September 2021
The Sept. 24 launch of the southbound Bond Connect will entrench Hong Kong's role as China's financial gateway.
Bonds

China widens access to offshore bonds for domestic investors

Southbound Connect program makes Hong Kong-traded debt available Sept. 24

15 September 2021
Investors gather at China Evergrande's headquarters in Shenzhen on Sept. 13 to demand repayment. 
China debt crunch

China Evergrande faces default test as bond coupons come due

Investors protest missing payments on wealth management products

14 September 2021
China Evergrande Group is a bellwether for the country's leveraged property sector.
China debt crunch

Credit rating agencies take the axe to China Evergrande

Fitch and Moody's now rate the world's most indebted developer very close to default levels

8 September 2021
China's developers are contending with a slew of tougher rules, including curbs on borrowing, leverage and land purchasing. 
China debt crunch

China's souring developer loans raise fear of financial contagion

Bank profit turnaround tarnished by surge in property sector NPLs

6 September 2021
After China's rescue of Huarong, investors say future bailouts may be selective.
China debt crunch

Gloom deepens for China Evergrande despite Huarong rescue

Limits seen on state support beyond key financial institutions

25 August 2021
Solar panels in Britain: Europe topped the volume of ESG corporate bond issuance with $121.4 billion, accounting for nearly half the global total. 
Climate Change

Global ESG bond issuance triples under decarbonization drive

Companies rush to fund projects and research that reduce emissions

26 June 2021
Investors have been selling Evergrande shares since the end of May, after some of the company's affiliates missed payments.
China debt crunch

Evergrande tries to quell debt doubts with early bond repayment

China developer announces $1.45bn redemption after rating downgrade

24 June 2021
China Huarong debts are trading at prices suggesting investors still see a high chance the group could default. 
China debt crunch

China Huarong bond repayment fails to quiet investor doubts

Debts of state debt management groups trade at steep discounts

3 June 2021
A Polestar 2 electric vehicle sits on the stage at a media day for the Auto Shanghai show in Shanghai on April 20.
Bonds

Mizuho to lead China's first green bond sale backed by car loans

Japanese bank sees growth opportunity in ESG finance segment

25 May 2021