Country Garden Avoids Default With Last-Minute Coupon Payments

The video discusses recent bond payments made by a company, highlighting the relief from immediate financial obligations. It outlines the company's significant debt pile and the upcoming payment schedule, emphasizing the need for careful financial planning. The discussion also touches on potential default scenarios, comparing them to the Evergrande case, and the time it might take to develop a plan for creditors in such an event.

What was the value of the two bonds that were successfully paid?

• $1.5 trillion

• $2 billion

• $1.4 billion

• $22.5 million

What is the total debt owed by the 50 property companies mentioned?

• $1.5 trillion

• $2 billion

• $22.5 million

• $1.4 billion

How much in bond obligations are due by the end of the year?

• $22.5 million

• $1.4 billion

• $1.5 trillion

• $2 billion

What is a key similarity between Country Garden and Evergrande in terms of debt?

• Identical repayment plans

• Same number of creditors

• Similar offshore debt amounts

• Equal bond values

How long did it take Evergrande to develop a repayment plan after their initial default?

• 24 months

• 6 months

• 12 months

• Nearly 20 months