19/04/2024
Expert Talk
The Upside of Geopolitical Uncertainty
Wednesday 29 September 2021
Expert Talk
Evergrande: not a systemic risk, but a wake-up call in an over-indebted world. Over the past days, financial markets have been shaken by the Evergrande saga – China’s second-largest property developer – which is facing difficulties in servicing its huge debt pile. The scale of such a potentially large restructuring event is weighing on Asian credit markets, with bonds of other companies in the property sector (an important part of the high yield (HY) segment) trading down.