Embattled Chinese property developer Country Garden faces yet another liquidity test.
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Embattled developer Country Garden faces a new round of voting by creditors to extend several debt maturities.
“The fact that (Country Garden) is struggling to address an interest payment, rather than a full bond principal repayment, perhaps underscores its very tight liquidity,” said CreditSights analyst Nicholas Chen.
The market is closely watching whether a unit of Dalian Wanda Group will make a repayment deadline for a $400 million dollar bond early next week, as a failure would…
Some 19 bonds are due to be called this year, according to CreditSights, including ones issued by UniCredit (CRDI.MI), Santander, BBVA (BBVA.MC) or Barclays (BARC.L). The Italian bank’s 6.625% CoCo with a call in…
State Bank of India’s exposure to the embattled Adani Group is “well-manageable”, given its strong buffer of provision reserves, CreditSights, a unit of Fitch Ratings, said in a note on…
“The prices of the (performing) developers’ upcoming dollar bonds are trading close to par, suggesting that investors remain sanguine about their near-term liquidity,” said CreditSights, a credit researcher under Fitch….
India’s ports-to-energy conglomerate Adani Group continues to seek strategic equity partners aligned with its long-term investment strategy, debt research firm CreditSights said in a report, flagging concern over the group’s…
Companies are trying to get ahead of what they expect to be a tough road ahead in terms of borrowing costs. Already, the year-to-date 2022 new issue coupon levels for…
Fitch Group unit CreditSights said in a report dated Sept. 7 that it had discovered calculation errors in its recent debt report on two power and transmission companies controlled by…