China Evergrande's snowballing debt crisis
$CHINA EVERGRANDE GROUP(EGRNF.US$
China Evergrande Group has supplied funds to pay interest on a dollar bond, a person with direct knowledge of the matter said on Friday, days before a deadline that would have seen the developer plunge into formal default.
Evergrande abandons plans to sell a $2.6 billion stake in the services unit to rival Hopson Development Holdings.
China Evergrande Group has supplied funds to pay interest on a dollar bond, a person with direct knowledge of the matter said on Friday, days before a deadline that would have seen the developer plunge into formal default.
Evergrande abandons plans to sell a $2.6 billion stake in the services unit to rival Hopson Development Holdings.
A defaulted private bond guaranteed by Evergrande, Jumbo Fortune Bond, secures a three-month-plus extension, REDD reports.
Evergrande remits funds for a dollar bond coupon that was due Sept. 23 to avoid default before the 30-day grace period expires, a source says.
Many countries haven’t seen the second wave yet form the shutdown. Just wait.
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