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Evergrande effect locally

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My 2 cents		#11 Posted : Friday, September 24, 2021 8:54:17 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,089		Interesting fact – Evergrande’s total debt $300 Billion. Our NSE total market cap $25 Billion. Goes to show just how much Evergrande is indebted or conversely just how tiny our NSE is.
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Ericsson		#12 Posted : Friday, September 24, 2021 11:38:47 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		KulaRaha wrote: Ericsson wrote: Evergrande has missed a $83.5 million coupon payment due yesterday (Thursday 23 September) for a $2bn onshore bond.It has 30 days grace period to make the payment. Even if they pay this one, chances of being unable to pay the next are certain. There is a $47.5 million coupon payment due next week. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#13 Posted : Friday, September 24, 2021 11:40:54 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		My 2 cents wrote: Interesting fact – Evergrande’s total debt $300 Billion. Our NSE total market cap $25 Billion. Goes to show just how much Evergrande is indebted or conversely just how tiny our NSE is. Our economy is tiny and our revenue collections equally tiny,but we are borrowing as if we are competing with the big boys. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#14 Posted : Wednesday, September 29, 2021 9:51:46 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		Evergrande to sell $1.5bn stake in Shengjing bank to raise funds for reducing its liabilities Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#15 Posted : Friday, October 22, 2021 5:19:25 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		https://www.cnbc.com/202...ment-chinese-media.html Evergrande makes an interest payment for an offshore bond that was due in September to beat the 30 day deadline that expires on October 23. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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