Real estate group – New failures in Evergrande – Economy

HomeEconomy12. October 2021, 6:49 p.m.

Real estate group: New failures in Evergrande

Fragile real estate giant China Evergrande has again had to pay interest. According to its bondholders, there have been coupon payments totaling $ 148 million on bonds with maturities in April 2022, April 2023 and April 2024. The crisis group has again heightened concern of a conflagration. “We expect further defaults if the liquidity problem does not improve significantly,” brokerage firm CGS-CIMB said. Initially, Evergrande received no comments. The company sits on a mountain of debt of over $ 300 billion. During the liquidity bottlenecks, other real estate companies have already struggled in the People’s Republic. Evergrande’s debt problems have sent shock waves through stock markets around the world in recent months.

© SZ of October 13, 2021 / Reuters

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