Country Garden in Talks to Hire Advisers for  Offshore-Debt Plan

Country Garden in Talks to Hire Advisers for Offshore-Debt Plan

Assessment

Interactive Video

Business

University

Hard

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The video discusses the financial challenges faced by Evergreen and Country Garden, two major property developers. Evergreen's debt restructuring is in disarray due to the chairman's detention. Country Garden is in preliminary talks for debt restructuring, facing liquidity issues with $11 billion in offshore bonds. The company has not defaulted yet but risks are high with upcoming bond payments. Investor confidence is low, and the property sector is struggling, with junk bonds trading at low values. The upcoming holiday, usually a time for property sales, may not see the usual spike due to the current market gloom.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the term 'catch a falling knife' imply in the context of the property market?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contribute to the low appetite for investment in the property sector right now?

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