Has a Failure to Pay Credit Event occurred with respect to Country Garden Holdings Company Limited? The Eligible Market Participant that submitted the DC Question noted that: Country Garden Holdings Company Limited has issued USD500 million 6.15% bonds due 17 September 2025 (ISIN: XS2051371222) (the “Bonds“). The Offering Memorandum for the Bonds was submitted by […]

Has a Failure to Pay Credit Event occurred with respect to Sino-Ocean Group Holding Limited? The Eligible Market Participant who submitted the DC Question provided the following documents in support of their question: Announcement by the Reference Entity of 14 August: https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0814/2023081400021.pdf Yicai Global news article of 16 August 2023: https://www.yicaiglobal.com/news/sino-ocean-defaults-on-bond-interest-payment-braces-for-up-to-usd27-billion-in-first-half-losses Asia Times news article […]