{"id":124703,"date":"2022-02-25T06:30:22","date_gmt":"2022-02-24T23:30:22","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-distressed-exchanges-default-waivers-build-as-chinese-developers-wonder-wheres-the-policy-stimulus\/"},"modified":"2022-02-25T07:07:17","modified_gmt":"2022-02-25T00:07:17","slug":"evergrande-crisis-distressed-exchanges-default-waivers-build-as-chinese-developers-wonder-wheres-the-policy-stimulus","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-distressed-exchanges-default-waivers-build-as-chinese-developers-wonder-wheres-the-policy-stimulus\/","title":{"rendered":"Evergrande crisis: distressed exchanges, default waivers build as Chinese developers wonder, where\u2019s the policy stimulus?"},"content":{"rendered":"


\nThe number of Chinese developers seeking debt forbearance from offshore creditors is expanding as Zhenro Properties and Jingrui Properties highlighted an ongoing credit crunch amid the worst industry slowdown in a decade.The two developers this week sought to delay repayments on dollar-denominated bonds worth US$1.2 billion maturing this year, citing a liquidity squeeze. They are also asking bondholders to waive some default clauses on US$3.5 billion of notes, weakening their covenants.The\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande crisis: distressed exchanges, default waivers build as Chinese developers wonder, where\u2019s the policy stimulus?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of Chinese developers seeking debt forbearance from offshore creditors is expanding as Zhenro...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124703","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wrl","jetpack-related-posts":[{"id":122856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-a-third-of-chinas-developers-may-face-pressure-with-us84-billion-in-debt-maturing-by-end-of-2022-sp-warns\/","url_meta":{"origin":124703,"position":0},"title":"Evergrande crisis: a third of China\u2019s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns","date":"October 27, 2021","format":false,"excerpt":"\r A third of China\u2019s property developers could see their liquidity \u201cacutely strained\u201d in the worst case scenario as weaker sentiment and new government regulations weigh on their funding sources, with a \u201creal\u201d risk of default as some US$84 billion in debt is set to mature by the end of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131833,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-chinese-developers-shenzhen-plot-sold-to-local-government-backed-buyer-for-us1-billion\/","url_meta":{"origin":124703,"position":1},"title":"Evergrande crisis: Chinese developer\u2019s Shenzhen plot sold to local government-backed buyer for US$1 billion","date":"November 28, 2022","format":false,"excerpt":"\r The 10,376-square-metre plot in Shenzhen\u2019s Nanshan district was sold to government-backed Shenzhen Anju Jianye Investment Operation. Evergrande acquired the plot in 2017 for 5.55 billion yuan.\r \r Source : South China Morning Post\r Read more...Evergrande crisis: Chinese developer\u2019s Shenzhen plot sold to local government-backed buyer for US billion","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140545,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-creditor-group-backs-the-chinese-developers-efforts-to-keep-onshore-unit-operational-opposes-bankruptcy-process\/","url_meta":{"origin":124703,"position":2},"title":"Evergrande creditor group backs the Chinese developer\u2019s efforts to keep onshore unit operational, opposes bankruptcy process","date":"December 1, 2023","format":false,"excerpt":"\r An ad hoc group of creditors of Evergrande\u2019s offshore unit has said it supports the management\u2019s efforts to keep the embattled Chinese developer operational, ahead of a key court decision on Monday when the distressed developer faces the risk of a liquidation order\r \r Source : South China Morning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-auditor-resignations-trigger-alarm-bells-amid-hidden-debt-at-chinese-property-developers\/","url_meta":{"origin":124703,"position":3},"title":"Evergrande crisis: auditor resignations trigger alarm bells amid hidden debt at Chinese property developers","date":"February 16, 2022","format":false,"excerpt":"\r A spate of auditor resignations at Chinese property companies is reigniting concerns about financial transparency in an industry facing a credit squeeze and more than US$60 billion of bond redemptions this year.PwC quit its role at Hopson Development on January 27, citing inadequate access to necessary information, while Deloitte\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-four-grandiose-projects-that-sum-up-indebted-chinese-developers-reckless-expansion\/","url_meta":{"origin":124703,"position":4},"title":"Evergrande crisis: four grandiose projects that sum up indebted Chinese developer\u2019s \u2018reckless expansion\u2019","date":"January 5, 2022","format":false,"excerpt":"\r China Evergrande is lurching from one crisis to another. From its home delivery snag to ongoing debt repayment troubles, more than US$52 billion of market value has been erased from the slump in its two flagship entities in Hong Kong over the past 12 months.The group had 1.97 trillion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122581,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-leaves-chinese-developers-shut-out-of-global-debt-markets\/","url_meta":{"origin":124703,"position":5},"title":"Evergrande crisis leaves Chinese developers shut out of global debt markets","date":"October 14, 2021","format":false,"excerpt":"\r Just one dollar bond sold since heavily indebted company\u2019s missed payment shook markets\r \r Source : ft.com\r Read more...Evergrande crisis leaves Chinese developers shut out of global debt markets","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124703"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=124703"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124703\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}