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Chinese Developer Simao Defaults On $1 Billion Bond

https://www.thefinancialtrends.com/2022/07/04/chinese-developer-simao-defaults-on-1-billion-bond/

558 posted on 07/04/2022 9:50:02 PM PDT by Farcesensitive (K is coming)

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To: Farcesensitive

Farcesensitive wrote:

“
Chinese Developer Simao Defaults On $1 Billion Bond

https://www.thefinancialtrends.com/2022/07/04/chinese-developer-simao-defaults-on-1-billion-bond/
“

From the article, 4 out of top 6 have defaulted:

“
So far of China’s top five issuers, three – Evergrande, Kaisa Group and Sunac China – have defaulted on dollar bonds. Shimao makes it four of the top six.
“

562 posted on 07/04/2022 10:34:46 PM PDT by WildHighlander57 ((the more you tighten your grip, the more star systems will slip through your fingers.) )

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615 posted on 07/05/2022 7:24:30 AM PDT by Melian ( Unity is all. )

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