Country Garden in Talks to Hire Advisers for Offshore-Debt Plan

The video discusses the financial challenges faced by Evergreen and Country Garden, two major property developers. Evergreen's debt restructuring is in disarray due to the chairman's detention. Country Garden is in preliminary talks for debt restructuring, facing liquidity issues with $11 billion in offshore bonds. The company has not defaulted yet but risks are high with upcoming bond payments. Investor confidence is low, and the property sector is struggling, with junk bonds trading at low values. The upcoming holiday, usually a time for property sales, may not see the usual spike due to the current market gloom.

What is the main issue faced by both Evergreen and Country Garden?

• High employee turnover

• Liquidity problems

• Environmental regulations

• Competition from new developers

Which financial institutions are involved in Country Garden's preliminary debt restructuring talks?

• Bank of America and Citibank

• Goldman Sachs and Morgan Stanley

• China International Capital Corp and Houlihan Loki

• JP Morgan and HSBC

What is the total amount of offshore bonds Country Garden has outstanding?

• $5 billion

• $11 billion

• $20 billion

• $15 billion

What is the grace period for the ringgit bond payment mentioned in the transcript?

• 5 days

• 15 days

• 30 days

• 10 days

What is the current trading value of Chinese developer junk bonds?

• 90 to 95 cents on the dollar

• 50 to 60 cents on the dollar

• 6 to 10 cents on the dollar

• 70 to 80 cents on the dollar