With just hours remaining in the 30 day grace period for a missed bond interest payment, Evergrande managed to make a payment to offshore debt holders and thus buy themselves a few more days until their next default deadline. Meanwhile another yet another Chinese developer, Oceanwide Holdings, has defaulted on a bond payment and debt holders have seized the company's stake in a now infamous San Francisco skyscraper development called Oceanwide Center.
#Evergrande #Oceanwide #ChinaHousingCollapse
Watch video Evergrande Makes Another Last Minute Payment as Yet Another Chinese Developer Defaults! online, duration hours minute second in high quality that is uploaded to the channel Nobody Special Finance 01 January 1970. Share the link to the video on social media so that your subscribers and friends will also watch this video. This video clip has been viewed 1,068 times and liked it 201 visitors.