by bondevalue | May 28, 2021 | China, High Yield Bonds
China Evergrande’s bonds fell on Caixin Media’s WeNews reporting that the China Banking and Insurance Regulatory Commission (CBIRC) is examining more than CNY 100bn ($15.7bn) of transactions between the developer and Shengjing Bank Co. WeNews notes that...
by bondevalue | Apr 23, 2021 | China, High Yield Bonds
China Evergrande plans to sell onshore bonds worth CNY 8.2bn ($1.3bn) to repay upcoming debts. The bonds will be issued by subsidiary Hengda Real Estate with a 5Y maturity and proceeds from the sale will be used to meet an early repayment request due on May 6 made by...
by bondevalue | Apr 13, 2021 | China
Bloomberg in a study of Chinese real estate developers’ three red-lines metrics saw that almost half of China’s 66 major property developers met all the requirements as of end-December 2020 . Of the three red lines, namely cash to short-term debt, net-debt to equity,...
by bondevalue | Apr 1, 2021 | Financial News
China Evergrande reported results yesterday with revenues up 6.2% YoY ending December 2020 to CNY 507.25bn ($77.3bn). Net profits came at CNY 31.40bn ($4.8bn) for the period, down 6.4% YoY and gross margins fell to 24%, its lowest since 2004. Contracted sales during...
by bondevalue | Mar 16, 2021 | China, High Yield Bonds
China Evergrande, the most indebted property developer will see its four main listed units report earnings this month. It will begin with its property services unit, then its EV start-up, followed by its property arm and “cultural units” as per Bloomberg....
