Can Country Garden Avoid Default on Dollar Bonds?

Can Country Garden Avoid Default on Dollar Bonds?

Assessment

Interactive Video

Business

University

Hard

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Quizizz Content

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The video discusses a company's financial challenges, including a $22 million bond coupon due and the risk of default, which could be worse than Evergrand's 2021 crisis. The company is working hard to avoid default by extending payments and managing liabilities, despite being heavily indebted with $187 billion in liabilities. Recent financial reports show a $7 billion loss, and the company warns of potential inability to meet financial obligations. Market perception is negative, with securities trading at distressed levels, despite some positive news about mortgage easing.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total value of the bond coupon due for the company?

$22 million

$187 billion

$3.9 billion

$7 billion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the company's project count compare to Evergrand's?

Equal number

Twice as many

Half as many

Four times more

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the company's reported loss for the first half of the year?

$7 billion

$187 billion

$22 million

$3.9 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current trading value of the company's dollar bonds?

$0.25 on the dollar

$0.50 on the dollar

$0.10 on the dollar

$1.00 on the dollar

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage below its peak are the company's shares trading?

60%

30%

90%

10%