The headquarters of China Evergrande Group in Shenzhen, Guangdong province. Photo: Reuters The headquarters of China Evergrande Group in Shenzhen, Guangdong province. Photo: Reuters
The headquarters of China Evergrande Group in Shenzhen, Guangdong province. Photo: Reuters

Evergrande appeases high-yield onshore investors with partial cash repayment as some local governments bar property-for-debt swap

  • The troubled developer said it has repaid 10 per cent of the principal and interest to investors in so-called wealth management products on Thursday
  • The balance remains in huge uncertainty as some local governments have banned its proposal to swap debt for properties

Topic |   Evergrande crisis
The headquarters of China Evergrande Group in Shenzhen, Guangdong province. Photo: Reuters The headquarters of China Evergrande Group in Shenzhen, Guangdong province. Photo: Reuters
The headquarters of China Evergrande Group in Shenzhen, Guangdong province. Photo: Reuters
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