Evergrande Onshore Bondholders Reject Further Extension Plan

The video discusses Evergrande's default on its dollar bonds and its efforts to avoid delinquency in the onshore market by seeking extensions. This situation is closely monitored by both onshore and offshore creditors. The inability to secure extensions is causing stress in the onshore market, which could lead to broader systemic risks. The video also highlights the challenges faced by developers in refinancing and maintaining operations amidst these financial difficulties.

What are the implications of the inability to secure extensions in the onshore space?

In what ways are borrowing costs and credit lines affecting stressed developers?