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Households making under $10,000 per year experience double the exposure to pollution compared to households making more than $150,000.
Berlin-based condom producer Einhorn has promoted its mission to protect the environment with products like its vegan, fair-trade rubbers. Now, it’s taking that ambition out of the bedroom and onto the balcony.
Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.
About $52 billion, or 31%, of all office loans in commercial mortgage bonds were in trouble in March, according to KBRA Analytics.
Dec 6, 2021
Bloomberg News
,(Bloomberg) -- A group of Kaisa Group Holdings Ltd. bondholders have sent the company a formal forbearance proposal, designed to buy the beleaguered developer some time and avoid a default.
The creditor group, which is being advised by Lazard Ltd., sent the offer to Kaisa on Monday evening in Hong Kong, according to two people familiar with the matter. Kaisa declined to comment on the proposal.
The proposal would see the company avoid a formal default on $400 million dollar bonds due Tuesday, and get more time to seek potential solutions. Discussions include a so-called new money deal that would inject cash into the ailing property firm, the people said. The group holds Kaisa notes with a face value of about $5 billion, they said.
Like fellow troubled developer China Evergrande Group, Kaisa was a frequent borrower in the offshore market with some $11.6 billion of dollar notes outstanding, even as it ranks just 27th among China’s property developer by sales. The firm last week failed to secure bondholder approval for a debt swap.
Defaults in China’s real estate sector have eased since regulators told firms in late October to honor offshore debt obligations, following at least four failed payments earlier that month. Even so, the country’s borrowers have defaulted on a record $10.2 billion of offshore bonds in 2021, with real estate firms making up 36% of that total, according to data compiled by Bloomberg.
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