The big default? The dozen countries in the danger zone

 Reuters 15 July 2022

https://www.reuters.com/markets/europe/big-default-dozen-countries-danger-zone-2022-07-15/


China developers face $13bn wall of dollar bond payments in second half

Foreign investors fear Beijing will favour onshore creditors as Shimao Group becomes latest to default

The Shimao bond had traded at just 12 cents on the dollar last week — pointing to high levels of financial distress — ahead of the payment deadline.

Shimao has about $5.5bn in outstanding dollar debt and China Evergrande wich faces more than $300bn in total onshore and offshore liabilities.

FT 8 July 2022

https://www.ft.com/content/3339c433-c441-40fb-b334-72a057f40ea0


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