Evergrande Makes Bond Payment!

Evergrande The Troubled Chinese Real Estate Developer has remitted the funds for a key interest payment that was due Sept. 23 — ahead of a 30-day grace period that ends Saturday, Chinese state media Securities Times said Friday.

That will allow the indebted Chinese property developer to stave off a widely-expected default.

Shares of Evergrande popped on that news, closing up 4.26%.

The $83.5 million interest payment that was due Sept. 23 on Evergrande's March 2022 offshore bond has been closely watched since the heavily indebted property developer warned twice in September that it may default. Although the company missed the Sept. 23 deadline, it has a 30-day grace period before formally defaulting. U.S. dollar bonds are largely held by foreign investors.

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[dietisnotdifficult]

I love this Evergrande telenovela!! Plot twist, with lots of room for more plot twists and cliff hangers!! Thank you for your succinct precis and update.

[SecuritiesattorneyHB]

Love your updates on Evergrande. Keep them coming!

[ducknorris]

The Fourth Red Line is the glass bottle to concrete ratio.

[stockey]

Yeah, that 80M payment, is a real joke, doesn't change anything in their case.

[davidbuecherl]

As always: dense, compact and right to the point. A big round of applause to one of the best financial channels out there.
One wonders how people can actually dislike such a video.

[CrustyWhiteBread]

One of the few channels I have the 'Bell Hit' for notifications.
Thanks for the update, Patrick. Always appreciate the insight.

[syed_mamoon]

Discovered your videos from this whole Evergrande crisis. Quite calm and informative. You should do a audiobook :D

[KindredPlagiarist]

Jesus. 97%? That's insane. That must be Evergrande's sales not market-wide.

[thehuntforprofit]

Brilliant Patrick! A much more in-depth and well rounded view than can be found in the papers

[KamiRecca]

Dear Patrick. I would just like you to know that Economic have never been a great interest of mine. As a poor, undereducated swede, i've always felt that whatever happens, it doesnt concern me. Thank you however, for opening my eyes to this fascination world, and this subject in particular. Who knew finances could be so interesting? Well... alot of rich dudes, for a start i guess.

From Sweden with Love
- Kami

[thekevmeister]

This will give evergrande executives enough time to put together their golden parachutes before company drops like a meteor

[buckyfanksy]

Patrick got this vest from a WW2 former POW that used to trade 7.5cm rounds futures for Panther tanks.

[whitneysewell]

Thank for keeping me updated in the market movements. I don't think that Evergrand will solely crash the financial market but I do see a crash happening. But I don't see that as a bad thing like the rest of the world. It's like the grass fires in Africa. It's the balance of life. We need a crash to sustain and learn from our mistakes. Also I'll be getting greedy when everyone is fearful, so it will be my opportunity not misfortune.

[GhettoAceTypeBeat]

Your takes are always so insightful. I wish you'd invest more effort into closed captions and visual aids for your hard of hearing audience.

Great content nonetheless!

[dennisheller]

It was be very interesting to learn about who owns the bonds that Evergrande has issued. Can you please do a video on that subject?

[matthewmalley]

I’ve only just found your channel Patrick and wish I’d found it sooner 👍🏼 very interesting and easily understood, keep up the good work 🤩

[Huskrrrr]

Yeah, haven't run out of duct tape yet.

[hillbilly]

Good shit Patrick...as soon as I get my Jag out of the shop I'll start buying your stuff.

[christopherhernani]

a visual presentation of the figures you mentioned would be appreciated

[TechZF]

Does someone know how I can find more stats of cities in this "cost of apartment by years of household income" ?

Thanks in advance!