Page 5 - Lucror Analytics News Today

Asia’s Former Richest Man Faces Escalating Debt Crisis Share to Facebook Share to Linkedin Hui Ka Yan speaks during a news conference on the sidelines of the fourth session of the 12th National Peoples Congress on March 6, 2016 in Beijing, China. Etienne Oliveau/Getty Images Chinese real estate tycoon Hui Ka Yan is rapidly slipping down the wealth rankings. He net worth dropped another $3.35 billion this week, as shares of his Evergrande tumbled 26%. The company’s Hong Kong-listed s...

China Inc. Credit Stress Most Acute in Liaoning, Qinghai Bloomberg 2/4/2021 Molly Dai (Bloomberg) -- China saw a record number of corporate defaults last year and that trend looks set to continue as policy makers try to tighten credit and pull back on stimulus this year. Those stresses aren’t distributed evenly across the country though, with companies in the provinces of Liaoning, Qinghai and Henan facing the most difficulty in raising funds at the moment, according to Bloo...

[SHANGHAI] A unit of GCL-Poly Energy Holdings Ltd. defaulted on a US$500 million bond after ending an exchange offer with existing bondholders. Read more at The Business Times.

Shale Driller Stuns Bondholders as Argentina Runs Out of Dollars Scott Squires and Jonathan Gilbert, Bloomberg News BC-Shale-Driller-Stuns-Bondholders-as-Argentina-Runs-Out-of-Dollars , Scott Squires and Jonathan Gilbert (Bloomberg) -- In the 99 years since it was founded to pump the oil fields of Patagonia, Argentine energy driller YPF SA has been whipsawed by countless booms and busts. If global oil markets weren’t collapsing, it seemed...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

1/21/2021 By Ana Mano SAO PAULO, Jan 21 (Reuters) - Brazilian agricultural firm Andre Maggi Participacoes SA (Amaggi) on Thursday priced a $750 million green bond with proceeds earmarked for clean energy projects and responsible grain origination. Some $500 million of the proceeds will be used on new ventures while $250 million will refinance debt tied to initiatives such as buying and processing certified soybeans, Chief Financial Officar Dante Pozzi said in a phone interview. The 2028 notes y...

Dollars are now so scarce in Buenos Aires that the central bank refused to let YPF buy the full amount it needed to pay notes coming due in March.

In the 99 years since it was founded to pump the oil fields of Patagonia, Argentine energy driller YPF SA has been whipsawed by countless booms and busts. If global oil markets weren’t collapsing, it seemed, then Argentina was mired in a debt crisis that was wreaking havoc on the whole nation’s finances.

(Bloomberg) -- In the 99 years since it was founded to pump the oil fields of Patagonia, Argentine energy driller YPF SA has been whipsawed by countless booms and busts.

Alibaba plans to sell up to $8 bn dollar bonds next week in show of strength Alibaba raised about $11 billion from its Hong Kong stock sale in late 2019, and had a cash hoard of almost $90 billion at the end of September (Photo: Reuters)Premium . Updated: 06 Jan 2021, 03:20 PM IST Bloomberg Alibaba, e-commerce giant, aims to raise at least $5 billion but could wind up with more depending on the reception The deal will be a multi-tranche offering, with specific tenors yet to be determined Sha...