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Top related persons:
Nicholas Chen - 2 Chen - 2 Xie Yu - 1 Sumeet Chatterjee - 1 JPMorgan Chase - 1 Karl Chan - 1 CreditInsights - 1 Iris Chen - 1
Top related locs:
Hong Kong HONG KONG Singapore Lincoln Wall Silicon China Beijing
Top related orgs:
Country Garden - 1 HK - 1 Thomson - 1 JPMorgan - 1 Service - 1 Garden - 1 China International Capital Corporation - 1 Nomura - 1

Search resuls for: "Nicholas Chen"


2 mentions found


☆ Country Garden faces fresh test for onshore bond extensions
  + stars: | 2023-09-11 | by ( Xie Yu | ) www.reuters.com   time to read: +3 min
The voting, due to conclude by 10 p.m. Hong Kong time (1400 GMT) on Monday, will have onshore creditors decide on approving a proposal by Country Garden (2007.HK) to extend repayments of eight onshore bonds by three years. Country Garden did not immediately respond to request for comment. Country Garden has so far showed "higher willingness to stave off a default" compared to many of its peers, said Nicholas Chen, a Singapore-based analyst at research firm CreditSights. Chen expects Country Garden to continue striving to defer due bond payments on both onshore and offshore markets, given its inadequate liquidity position. ($1 = 7.3490 Chinese yuan renminbi)Reporting by Xie Yu; Editing by Sumeet Chatterjee and Lincoln Feast.
Persons: Nicholas Chen, Chen, Xie Yu, Sumeet Chatterjee Organizations: Country Garden, HK, Thomson Locations: HONG KONG, Hong Kong, Singapore, Lincoln
☆ Country Garden, one of China's real-estate behemoths, could look at restructuring its debt after missing key interest payments this week: JPMorgan
  + stars: | 2023-08-11 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
The warning is a "prelude to an ultimate credit event," paving the way for debt restructuring, per JPMorgan. Country Garden racked up 1.4 trillion Chinese yuan, or almost $200 billion, in liabilities at the end of 2022. It also faces 7.8 billion Chinese yuan, or $1.1 billion, in payments for notes and bonds in September. Another analyst feels Country Garden could restructure if it's unable to raise cash in time. Country Garden and CICC did not immediately respond to requests from Insider for comment.
Persons: JPMorgan Chase, Karl Chan, Nicholas Chen, CreditInsights, Chen, Iris Chen, Yang Huiyan, CICC Organizations: JPMorgan, Service, Garden, China International Capital Corporation, Reuters, Nomura, Bloomberg, Hong Locations: Wall, Silicon, China, Hong Kong, Beijing
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