More Chinese property developers have made last-minute efforts to avoid bond defaults after regulators piled on the pressure to ensure embattled home builders repay their debts on time.Central China Real Estate (CCRE), a Henan-based developer, said on Tuesday that it had remitted the funds to pay back all principal and interest on a dollar bond due this month. That would mean the funds, in their entirety, are now with a trustee who will transfer the money to the bondholders.Meanwhile, Yango…
Source : South China Morning Post
Read more…Evergrande crisis: Central China Real Estate, Yango Group make last-ditch efforts to avoid bond defaults as Beijing piles on the pressure
