Page 4 - Bond Defaults News Today

Moody's views 16 first time payment delinquencies over the last two years impacting $1.46 billion of debt as related to the pandemic's toll on the senior-living sector.

The proceeds from China Orient Asset Management’s bond sale will be used to acquire bad assets of the nation’s highly indebted property developers.

China’s private property developers have accelerated the sales of assets to state-owned enterprises (SOEs) amid a deepening debt crisis, despite the recent easing measures introduced by the government.

China’s US$200 billion junk-bond market is in the midst of a ‘significant default cycle,’ Varde Partners says. Value Partners in Hong Kong says market has rarely been this cheap.

Graceland drew on reserves to cover the Jan. 1 payment on two bond series and three other series were unable to make their interest payments.

Four Texas defaults reflect a sector that accounts for half of this year's municipal bond defaults, according to Municipal Market Analytics.

The SEC terminated its latest proceedings against the city after an independent consultant found the city was in "substantial compliance" with a 2014 judgment.

Mamtek US's long-running Chapter 7 bankruptcy is expected to pay out $1.6 million to the trustee for the $39 million defaulted Moberly, Missouri, bond issue.

COVID-19 hit the Lombard, Illinois, Westin hotel and conference center hard, knocking repayment of bonds restructured in a 2018 bankruptcy off track.

China’s dollar bond market is expected to continue seeing defaults – especially in the stressed property sector. Diversification of investment portfolios amid policy uncertainty could be a safer bet, analysts and industry veterans said.