Vishnu Varathan, head of economics and strategy at Mizuho Bank, said that "targeted and partial asset disposal to meet obligations is a fairly low bar."
"The real question is whether there will be sustainable financing/cash-flow arrangements to keep the property sector as a going-concern," he told CNBC, referring to functioning businesses generating cash-flows rather than being squeezed by liquidation. Varathan added: "The wider point is that with a wall of obligations, restoring confidence is key. Whereas the general direction is still pointing to creditors making a bee-line and home-buyers being spooked."
Evergrande also faces another deadline — a dollar note worth $260 million, issued by Jumbo Fortune Enterprises and guaranteed by Evergrande, was set to mature on Monday.
All that empty real estate . Meanwhile stupid American has a housing crisis.
They should sell their properties and buy some bitcoin.
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CNBC A few banks, financial services co & ** realestate developers are delisting to have less news out. Time to track them. SIC_Capital
Underwater