China Developer Sunac Misses Bond Interest Payment

The transcript discusses the financial stress faced by developers, particularly Sunak, due to missed payments and the risk of default. It highlights the broader global high yield credit challenges, with a focus on China's economic issues exacerbated by COVID lockdowns. The discussion includes the implications of these financial strains on the market and the potential for significant restructuring.

Discuss the significance of high yield credit rates being above 20%.

What challenges are developers facing in continuing their projects amidst financial stress?