Chinese Developer Kaisa Has Yet to Pay Interest Due Last Week

The video discusses Kaiser's financial strategy of using a 30-day grace period to avoid default, similar to Evergrande. Attention is on Kaiser's $400 million bond due December 7th. The market sentiment is positive amid a rally in China high-yield credit, with state developers testing investor sentiment through bond issuance. The interbank bond market is primarily used by stronger developers, but there is potential for weaker developers to enter if rules ease.

What strategy is Kaiser using to manage its financial obligations?

• Selling assets

• Merging with another company

• Using a grace period

• Issuing new bonds

What is the significance of the $400 million bond for Kaiser?

• It marks the end of the grace period

• It is the largest bond issued by Kaiser

• It is a new bond issuance

• It is due before the grace period ends

How has the broader rally in China's high-yield credit market affected property bonds?

• They have declined significantly

• They have remained stable

• They have gained along with the market

• They have been unaffected

What role are state-owned developers playing in the bond market?

• They are buying back bonds

• They are testing investor sentiment with bond issuance

• They are merging with private developers

• They are avoiding the bond market

What potential change could allow weaker-rated developers to enter the interbank bond market?

• Stricter regulations

• Easing of rules

• Increased interest rates

• Government bailouts