D-Day Arrives For Evergrande
"There has been no announcement from the company or the trustee regarding the coupon payments due November 6... after the grace periods lapsed," Fitch said Thursday. "In addition, the company did not respond to our request for confirmation on the coupon payments. We are therefore assuming they were not paid."
And just like that, Evergrande was declared in default.
It felt somehow anticlimactic. In September, markets recoiled at the very mention of it, fearing a disorderly wind down and a fraug
Now let’s see how much US investors have of that 300B and what impact these defaults have in domestic markets.
China bought time to foam the runway. Lets see how bad the plane crash is…..