Developer bonds @ 13%? Wow! "Some holders of offshore bonds issued by a unit of developer China Evergrande Group had not received interest payments due on Nov. 6 by Monday morning in Asia, two people familiar with the matter said.
Scenery Journey Ltd. was due to make semi-annual coupon payments on Saturday worth a combined $82.49 million on its 13% November 2022 and 13.75% November 2023 U.S. dollar bonds."
Investors still waiting for late Evergrande interest payments | Daily Sabah
Just getting an idea how much debt China is carrying. I guess all the inflation isn't home-grown by the U.S. gov't. after all.
b.