--FILE--People visit the stand of Kaisa Group Holdings Ltd during a real estate fair in Shaoyang city, central Chinas Hunan province, 23 July 2011.
Image details
Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W8DBHAFile size:
22.6 MB (830.1 KB Compressed download)Releases:
Model - no | Property - noDo I need a release?Dimensions:
3322 x 2378 px | 28.1 x 20.1 cm | 11.1 x 7.9 inches | 300dpiDate taken:
23 July 2011Photographer:
ImaginechinaMore information:
--FILE--People visit the stand of Kaisa Group Holdings Ltd during a real estate fair in Shaoyang city, central Chinas Hunan province, 23 July 2011. Fears are mounting that a Chinese real-estate developer is to become the first such company ever to default on an offshore bond, sending other property bonds tumbling and hitting global investors who had bought this type of debt. Kaisa Group Holdings Ltd. has already defaulted on a loan to HSBC Holdings PLC. Thursday (8 January 2015), it is scheduled to make a regular interest payment on a bond due to mature in 2020. Money managers are losing confidence that it will pay. Wednesday, the price of that debt was at around 25-30 cents on the dollar after the company issued a statement denying a local press report that its board had decided to wind up the company and restructure. Kaisa¯s bond prices have plunged more than 80% since the end of November.