Property News · September 13, 2021

China Evergrande’s restructuring ‘quasi unavoidable’ amid distress as ‘free pass’ on debt binge ends


Investors focusing on Asian high yield and distressed bonds are circling China Evergrande Group as the developer seeks fresh capital to pull through its biggest survival test after accumulating more than US$300 billion of liabilities.The firm, struggling to contain a market sell-off and regulatory warning, may have to restructure its debt to prevent a fire-sale of key assets, some analysts said. Distressed debt investors are weighing the odds of the Shenzhen-based developer beating the drop as…

Source : South China Morning Post
Read more…China Evergrande’s restructuring ‘quasi unavoidable’ amid distress as ‘free pass’ on debt binge ends