After Evergrande, adding a Chinese real estate developer has fallen into crisis after failing to pay maturity bonds, increasing the tension of real estate companies with high financial leverage . According to Fantasia Holdings Group, this unit did not refund the bond worth 205.7 million USD due on April 4 / 10.Ansa, Real Estate Management Company Country Garden Services Holdings, one Fantasia's subsidiary said, not a loan of 700 million yuan (US $ 108 million) also due to 4/10 and the possibility of default is possible. The signs of stress in the field Chinese real estate is spreading
. Evergrande, the world's most debt real estate developer and the largest garbage bond publisher in Asia is aiming for one of China's largest restructures, raising concerns about Spread the wider market. Evergrande's shares were suspended trading on 4/10 while waiting for a notice of a "big transaction". However, Fantasia caused less risks to the financial market compared to the smaller scale Evergrande
Fantasia ranked 60th based on sales in the first quarter of 2021 compared to Evergrande's third place. Fantasia's total debtors were 12.9 billion USD as of June 30, 2021 compared to Evergrande's $ 304.5 billion. Bloomberg's general data showed that Fantasia had about 4.7 billion USD of foreign and local bonds unpaid, compared with $ 27.6 billion of Evergrande.Fantasia as one of the most active companies in September Based on the high yield dollar bond index of Bloomberg China. Citigroup and Credit Suisse Group AG have stopped accepting the company's bonds as collateral. The effects of influence are not as big as Evergrande, but Fantasia's critical bonds cannot increase concerns with the industry Fantasia's real estate property
The leadership of Fantasia said, will assess the potential impact on the financial status and the cash position of the group stemming from unpaid bonds. China has been Maintain strict regulations on financial leverage of real estate enterprises. Meanwhile, housing market cooling measures are reducing sales, creating stress at real estate companies. Evergrande and Fantasia, Sinic Holdings Group have also received a request to pay some The debt after missing two local bond payments. Fitch Ratings on October 4 lowered Fantasia's credit rating on CCC-. S . Dịch vụ:
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