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The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
Creditors of the two main property units in Rene Benko’s Signa conglomerate backed plans to sell off assets as part of a restructuring that’s expected to recoup about 30% of their money.
Sep 24, 2021
Bloomberg News
,(Bloomberg) -- China Evergrande Group has the world’s biggest pile of troubled debt, with roughly $19 billion of obligations that are actively quoted at distressed prices. The developer’s unraveling is sending shockwaves across global markets, and speculation is running wild about whether Beijing will intervene to prevent a disorderly collapse for the firm.
In credit markets otherwise short on juicy yields and big distressed situations, that caught the attention of U.S. investment funds looking for new bets.
Funds including Boaz Weinstein’s Saba Capital Management and Ruben Kliksberg’s Redwood Capital Management began to build positions in the company’s bonds, while European banks assured investors that they have limited exposure to the troubled developer. Other big-name credit investors had exposure to the company before its latest woes, with some opting to hold on to large chunks of their positions.
Here is a running list of some of the most notable investors known to have had exposure to Evergrande’s debt, based on Bloomberg’s reporting and regulatory disclosures so far this year. Rules on how funds disclose their holdings vary in different countries, and the size of their holdings may have changed after companies’ filings. The list doesn’t represent a comprehensive or real-time picture of debt holders.
Firms That Publicly Disclosed Holdings
Firms That Bloomberg Has Reported Having Holdings
Note
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