Telegram游戏群www.tel8.vip)是一个Telegram群组分享平台。Telegram游戏群包括Telegram群成员导出、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram游戏群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

The country’s 88th-largest builder by contracted sales said in a Hong Kong stock exchange filing it likely wouldn’t pay the 2025 note’s coupon initially due last month before the end of a grace period, potentially resulting in demands for immediate redemption of the note and acceleration of other debt.

HONG KONG: Redsun Properties Group Ltd is poised to become China’s latest developer to be delinquent on borrowings, warning it likely won’t pay a bond coupon before a looming deadline and may be unable to meet other debt obligations.

The country’s 88th-largest builder by contracted sales said in a Hong Kong stock exchange filing it likely wouldn’t pay the 2025 note’s coupon initially due last month before the end of a grace period, potentially resulting in demands for immediate redemption of the note and acceleration of other debt.

Redsun also can’t guarantee it will be able to meet obligations on other offshore notes and bank loans as they come due.

The company has paid US$1.5bil (RM6.67bil) of principal and interest this year, including US$616mil (RM2.74bil) in offshore debt, according to the filing.

Still, “it remains under significant pressure,” said Redsun.

It’s hired Haitong International Securities Co as its financial adviser and Linklaters LLP as its legal adviser.

,

彩客网www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。彩客网上彩客分析专家数据更新最快。彩客网开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

Investors have had their doubts about timely payments from Redsun.

The stock has plunged nearly 60% this quarter.

Fitch Ratings downgraded Redsun and parent Hong Yang Group Co to C and then withdrew all grades, saying the firms have chosen to stop participating in the ratings process.

“A default-like process has begun” in the wake of Redsun’s interest-payment warning, said Fitch.

Chinese borrowers have defaulted on a record US$28.8bil (RM128bil) of offshore bonds this year, according to data compiled by Bloomberg, primarily dollar notes from property firms amid slumping home sales and limited financing channels.

The number is likely to rise further this year, according to Goldman Sachs analysts. — Bloomberg


转载说明:本文转载自Sunbet。 Usdt自动充值接口声明:该文看法仅代表作者自己,与本平台无关。转载请注明:彩客网:Redsun risks first dollar-bond default
发布评论

分享到:

足彩投注比例(www.99cx.vip):Short Position - Valuing a currency, LEAP to ACE, Ringgit poser for planters
你是第一个吃螃蟹的人
发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。