Evergrande, with more than $300 billion in liabilities, has already failed to pay coupons worth $82.5 million as it stumbles from debt deadline to debt deadline
Property developer sought to exchange its 6.5% offshore bonds due December 7 for new notes due June 6, 2023, at the same interest rate
Kaisa's notes exchange offer will expire at 4pm London time on Thursday unless it extends or terminates the proposal. One asset manager said it looks like the group will face restructuring
China Aoyuan Group sells properties at a loss of HK$177 million to repay debt and its stock price subsequently plummeted
Trading in the Shenzhen-based parent group remains suspended as it tackles the most offshore debt of any Chinese developer after China Evergrande
Rating agency warns of first multi-year sales decline in Chinese property market's history
The real estate group has the most offshore debt of any Chinese developer after Evergrande, which has liabilities of over $300 billion
The offshore bond market responded positively to news that Evergrande reportedly had made payments to domestic creditors.