Kaisa Yet to Make Bond Payments After Grace Period Ends

The video discusses the current state of the property sector and bond market, highlighting government interventions and the challenges faced by developers like Kaiser and Evergrande. Despite pressures, Citigroup remains optimistic about China's junk bond market in 2022. The sustainability of recent market gains is questioned, with concerns about defaults and the offshore market's reopening.

What was the main issue faced by Kaiser in the Chinese property sector?

• High sales growth

• Default on a $400 million bond

• Increase in property prices

• Successful debt negotiations

How many lawsuits are piling up against China Evergrande?

• 350

• 500

• 200

• 100

What is Citigroup's outlook on the Chinese junk bond market for 2022?

• Avoid

• Neutral

• Underweight

• Overweight

What is a key factor affecting the sustainability of optimism in the Chinese junk bond market?

• Stable property prices

• Improved sales figures

• Precarious market conditions

• Government bailouts

What is a significant challenge for developers in accessing the offshore bond market?

• High interest rates

• Lack of investor interest

• Inability to roll over bonds

• Government restrictions