October's most read: What next as Evergrande misses second coupon payment; ESG-friendly crypto emerging as institutional demand surges
Evergrande not the first debt debacle in China, but its $305 billion debt, if unpaid, will have a ripple effect on the economy; ESG-friendly crypto products becoming hot commodities for institutional investors; GIC sees no systemic risk in Evergrande crisis, but Soros Fund presses pause on China; Which assets will perform under stagflation?; Family offices taking ESG into their own hands as regulators play catch up; and more.
What next as Evergrande misses second coupon payment?
China Evergrande Group, one of China's largest real estate developers, missed two offshore coupon payments in as many weeks.
Neither bond is in default yet; the bond terms allow the group a grace period of 30 days to make its payment. But investors are worried. After years of aggressive expansion, the group is the most indebted property developer in the world, owing creditors more than $305 billion, the equivalent of 2% …
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