In this video we provide an update on the Evergrande situation including:
The upcoming Bond Coupon Payments and Default dates
Other obligations including Joint Venture Debt and Unpaid Creditors
Current Trading including details of closed sites
Details of Payments made with Property rather than cash
Likely process and outcome of Default for Bondholders
The impact on Global Markets of Evergrande Failure
Is Evergrande the new Lehman Brothers? Will it hurt the Financial Markets in the same way that we saw in 2008?
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Chapters:
0:00 Intro
2:16 Bond Obligations
4:56 Other Obligations
7:41 Current Trading
10:19 Evergrande has been using property to settle obligations
11:55 What will happen if Evergrande does Default
14:24 What is the likely outcome for Bondholders
12:15 Summary & Impact on Global Markets
#Evergrande
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