China Evergrande Group pulled back from the brink of default by paying a bond coupon before Saturday’s deadline, giving the property giant at least another week to come to grips with a debt crisis that has rattled investor confidence in the world’s second-largest economy.
The $83.5 million payment to international bondholders surprised some China watchers who had expected Evergrande to prioritize local creditors, suppliers and disgruntled homebuyers -- many of whom are waiting for the company to make good on overdue obligations.
"last" - Google News
October 22, 2021 at 04:04PM
https://ift.tt/3vB3Ns2
Evergrande Staves Off Default With Last-Minute Bond Payment - Bloomberg
"last" - Google News
https://ift.tt/2rbmsh7
https://ift.tt/2Wq6qvt
Bagikan Berita Ini
0 Response to "Evergrande Staves Off Default With Last-Minute Bond Payment - Bloomberg"
Post a Comment