Property News · September 25, 2023

China Evergrande suffers new blow after failing to meet rules on offshore bond sales, hobbling years of efforts to restructure US$20 billion of defaulted debt


China Evergrande’s debt woes are deepening, two years after trying to fix its problems. It has fallen short of local requirements to sell new securities offshore, a key plank in its US$20 billion debt workout with creditors.

Source : South China Morning Post
Read more…China Evergrande suffers new blow after failing to meet rules on offshore bond sales, hobbling years of efforts to restructure US billion of defaulted debt