首页 社会内容详情
皇冠投注网址(www.hg108.vip):Redsun risks first dollar-bond default

皇冠投注网址(www.hg108.vip):Redsun risks first dollar-bond default

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

皇冠投注网址www.hg108.vip)是皇冠体育官网线上直营平台。皇冠投注网址面向亚太地区招募代理,开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。皇冠投注网址可下载皇冠官方APP,皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。

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.

,

免费足球推介www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

,

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。
 当前暂无评论,快来抢沙发吧~

发布评论