Country Garden Bondholders Yet to Receive Dollar Bond Interest

The video discusses the financial challenges faced by Chinese developers, focusing on Country Garden's repeated entry into grace periods for bond payments. It highlights the company's declining sales and upcoming financial deadlines, including a significant bond due in Hong Kong dollars and another in U.S. dollars. The pattern of entering grace periods is common among Chinese developers, raising concerns about their financial stability.

What financial strategy have some Chinese developers, including Country Garden, been using when facing payment difficulties?

• Investing in new projects

• Paying off all debts immediately

• Entering grace periods repeatedly

• Increasing their bond issuance

What was the percentage decline in Country Garden's sales in August compared to the previous year?

• 72%

• 60%

• 50%

• 80%

What could a similar decline in September sales indicate for Country Garden?

• Improved cash flow

• Increased construction funding

• Challenges in paying debt

• Expansion into new markets

What is the significant offshore financial obligation Country Garden faces later in the year?

• A $1 billion U.S. dollar bond

• A $2 billion euro bond

• A $3 billion Hong Kong dollar bond

• A $5 billion yuan bond

When is Country Garden's U.S. dollar bond coupon and principal due?

• January

• February

• December

• November