Stay updated with breaking news from John Han. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
China Evergrande Group appeared to have averted default with a last-minute bond coupon payment, a source said, buying it another week to wrestle with a debt crisis looming over the world's second-biggest economy.The property developer also...
China Evergrande Group appeared to have averted default with a last-minute bond coupon payment, a source said on Friday, buying it another week to wre
SINGAPORE/HONG KONG - Unless China Evergrande Group takes quick steps for an orderly restructuring of its debt pile and steps up asset sales, its last-minute bond interest payment this week will do little to shore up creditors' support for the developer, analysts and lawyers...
By Clare Jim and Andrew Galbraith
/cloudfront-us-east-2.images.arcpublishing.com/reuters/72XUAJBPFJL5LE6TMVXNSMMWS4.jpg)
Unless China Evergrande Group takes quick steps for an orderly restructuring of its debt pile and steps up asset sales, its last-minute bond interest payment this week will do little to shore up creditors' support for the developer, analysts and lawyers said.