There was a brief news on 11th November, 2021 that Evergrande, the second largest real estate developer in China, has officially defaulted on its bonds. It was unable to make the required interest payments of $148 million in time. Although there was a follow up to that news that they met a deadline to pay overdue interest on three US-dollar bonds before their grace period ended, a report said Thursday, signalling it had averted another potential default and triggering a rally in their shares. Evergrande was up 8.4 percent in Hong Kong morning trade. But what exactly happened with Evergrande and what led to this situation that it is in right now?

#14 - Evergrande: Is it 2008 all over again? 📉 - https://bit.ly/3hOlqip

Welcome back to a brand new episode of What's The Hype? with Perfunktory. As we enter the hangover months of the year, I've started building a list of goals that I want to achieve before the end of this year. I have a solid target for the Perfunktory Newsletter and the Podcast and together we'll try to hit these before the year comes to a close. I also want to start a community either on Discord or Slack so do let me know what you use and we'll get started there as well.

Newsletter: https://bit.ly/perfunktory

Instagram: https://bit.ly/perfunktoryinsta

Twitter: https://bit.ly/perfunktorytwitter

Music:

Afternoon Nap by Ghostrifter Official | https://soundcloud.com/ghostrifter-officialMusic promoted by https://www.chosic.com/free-music/all/Creative Commons CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/