Evergrande Pays Bond Interest Due Saturday, Local Media Says

Evergrande Pays Bond Interest Due Saturday, Local Media Says

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The transcript discusses Evergrande's financial situation, focusing on a coupon payment due after a 30-day grace period. If paid, it would avoid default. The Chinese government and market analysts are closely monitoring the situation, with some officials suggesting the risks are contained. Despite a failed deal with Hobson, Evergrande is negotiating extensions on other bonds, indicating a willingness to avoid default. The situation remains fluid, with creditors considering negotiations over an outright default.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the amount of the interest payment Evergrande missed, leading to a potential default?

$100 million

$50 million

$120 million

$83 million

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which official body described Evergrande's situation as an isolated case?

The Securities Times

The Vice Premier

The CBI RC

The PBOC Governor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the value of the deal with Hobson that fell through?

$1.5 billion

$2.6 billion

$3 billion

$2 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What positive market signal was mentioned regarding Evergrande's financial situation?

A government bailout

A three-month extension on a bond

A new investment from a foreign company

A rise in stock prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What approach are many creditors taking towards Evergrande's financial issues?

Demanding immediate payment

Selling their bonds

Filing lawsuits

Entering into negotiations