热门标签

usdt官网(www.trc20.vip):Redsun risks first dollar-bond default

时间:2个月前   阅读:7   评论:1

以太坊块高度开奖www.326681.com)采用以太坊区块链高度哈希值作为统计数据,以太坊块高度开奖(联博统计)数据开源、公平、无任何作弊可能性。联博统计免费提供API接口,支持多语言接入

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.

,

usdt官网www.trc20.vip)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。

,

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。

上一篇:皇冠官网开户(www.hg108.vip):Ringgit opens higher on weak US manufacturing data

下一篇:皇冠体育api(www.hg9988.vip):Fewer workers means lower yields for palm oil producers\u00a0

网友评论