China Evergrande Group (3333.HK)
21 Nov 2018
Thu, Nov 1 2018
HONG KONG China Evergrande Group's $1.8 billion bond sale this week has sent a chill through Asia's dollar bond markets, with the dizzying coupons offered by the property developer casting doubts on fundraising plans of rivals.
* Asia HY market trades down after Evergrande's high-coupon bonds
HONG KONG, Oct 31 China Evergrande Group on Wednesday sold $1.8 billion of bonds with coupons as high as 13.75 percent but in a rare move, chairman Hui Ka Yan bought $1 billion of the offer.
HONG KONG China Evergrande Group said on Wednesday it sold $1.8 billion in senior notes with coupons as high as 13.75 percent. Chairman Hui Ka Yan bought $1 billion of the offer.
* Sampson steps down as senior vice president of product strategy
HONG KONG, Oct 30 Hengda Real Estate Group Co Ltd, a unit of heavily indebted property developer China Evergrande Group, is offering to pay a 13.75 percent coupon on a five-year dollar bond, underscoring its financing strains.
HONG KONG, Oct 26 Chinese electric vehicle firm Faraday Future can seek financing from sources other than Evergrande Health, according to an interim ruling by a Hong Kong arbitration court in a dispute between the startup and its main investor.
HONG KONG Highly leveraged property firm China Evergrande Group is in talks with financial institutions to raise about $1.5 billion this month by offering its Hong Kong office tower as collateral, two sources with direct knowledge of the matter said.
HONG KONG, Oct 22 Highly-leveraged property firm China Evergrande Group is in talks to raise around $1.5 billion this month by offering its Hong Kong office tower as collateral, two sources with direct knowledge of the matter said.
HONG KONG China's Evergrande Health Industry Group Ltd shares slumped on Monday, on news it was being sued by electric vehicle (EV) start-up Faraday Future for failing to make a payment and that Faraday was looking to scrap a deal to sell a stake.