Country Garden Again Delays Bond Vote

The video discusses the challenges faced by Chinese developers like Country Garden and Sino Ocean in extending bond payments. Despite previous extensions, bondholders are now pushing back, leading to a potential default crisis. The video highlights the systemic nature of the issue, with two-thirds of the top 50 developers already defaulting. It also covers upcoming bond payments and creditor votes, indicating a tense financial environment.

What is the main reason bondholders are resisting extensions for Country Garden and Sino Ocean?

• They believe the companies have had enough time.

• They are seeking to invest elsewhere.

• They want higher interest rates.

• They are satisfied with the current terms.

As of September 1st, what fraction of the largest Chinese developers had defaulted on their dollar bonds?

• 2/3

• 3/4

• 1/2

• 1/3

What is the potential consequence for Country Garden and Sino Ocean if they fail to manage their bond payments?

• They will increase their bond issuance.

• They will merge with other companies.

• They will default like other developers.

• They will receive government aid.

Which developer is mentioned as having a creditor vote regarding their offshore development plan?

• Sunak

• Evergrande

• Sino Ocean

• Country Garden

What is expected to happen with Sunak's creditor vote?

• It will be postponed.

• It will be ignored.

• It will be rejected.

• It will be significantly supported.