An $11 billion debt pile just came crashing down in China

The electric vehicle unit of property developer China Evergrande Group said on Sunday it would bring in six new investors and will raise $3.4 billion to repay debt and fund research, Reuters has reported.   read more.....»»

Chesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21 top executives to ensure they are motivated, even as it prepares to file for bankruptcy protection to tackle its nearly $9 billion debt pile......»»

Apple Inc’s massive cash pile didn’t stop the iPhone maker from adding to the bonanza of U.S. investment-grade companies borrowing in the bond market during the pandemic......»»

Argentina's ambitious target to strike a deal with bondholders to revamp almost $70 billion in debts by the end of March was never going to be easy. Now a coronavirus outbreak and crashing bond markets threaten to complicate things further......»»

Bank of China managed to get away a whopping $2.8 billion AT1 sale for a rock-bottom 3.6% coupon. That’s a reassuring message in a quiet debt market......»»

Another crisis, another prescription allowing struggling companies to pile up more debt. It has to stop. .....»»

Another crisis, another prescription allowing struggling companies to pile up more debt. It has to stop. .....»»

On Friday, Tesla Inc (NASDAQ: TSLA) priced its surprise $2-billion equity offering at $767 per share, a 4.6% discount to Thursday’s closing price. Tesla will sell 2.65 million shares of stock, and CEO Elon Musk.....»»

AT&T Inc said on Wednesday it would sell its wireless and wireline operations in Puerto Rico and U.S. Virgin Islands to Liberty Latin America Ltd for $1.95 billion, as the second-largest U.S. wireless carrier cuts its huge debt pile......»»

Crashing Angel:.....»»

AT&T has internally discussed about selling its HBO Europe business as the telecom group aims to reduce a debt pile of $170 billion, the Financial times reported, citing current and former senior executives......»»

The latest China Beige Book report released Wednesday found "an unmistakable first-quarter recovery" driven by increased credit, running counter to Beijing's stated efforts to reduce reliance on debt......»»

Volvo Cars will pay a dividend of 2.9 billion Swedish crowns ($311 million) after record sales in 2018, the company said on Thursday, with almost all of it slated to boost the coffers of its debt-laden Chinese parent Geely......»»

QINGDAO, China (Reuters) - When Dalian Wanda, the Chinese conglomerate, announced in 2013 that it would build an $8 billion film studio in China to lure U.S. film producers, it did so with Hollywood flash......»»

Just hours after we warned that it was time to start worrying about China's debt default avalanche, and shortly after the PBOC lowered.....»»

(Reuters) - PetSmart Inc, the largest U.S. pet retailer, has hired restructuring advisers to explore ways to trim its debt pile of more than $8 billion as it continues to face falling profits, according to people familiar with the matter......»»

PetSmart Inc, the largest U.S. pet retailer, has hired restructuring advisers to explore ways to trim its debt pile of more than $8 billion as it continues to face falling profits, according to people familiar with the matter......»»

Airbus faces a logjam of undelivered A330 jets worth well over $1 billion for airlines affiliated to China's debt-laden HNA Group following a stand-off over late payments, according to industry sources and a Reuters examination of parked aircraft......»»

China defended its $62 billion infrastructure-building program in Pakistan, saying the initiative isn’t causing a debt crisis in the South Asian country......»»

How Hwee Young/Getty Mahathir Mohamad has cancelled two major Chinese-funded projects to avoid his country going into further debt. The projects were a $20 billion rail link and two gas pipelines worth $2.3 billi.....»»