Unfinished apartment buildings at the construction site of a China Evergrande Group development in Beijing on January 6, 2021.  Photo: Bloomberg
Unfinished apartment buildings at the construction site of a China Evergrande Group development in Beijing on January 6, 2021. Photo: Bloomberg

Evergrande buys six months of breathing room as bondholders approved its plea to defer payments to avert defaulting on an onshore bond

  • Holders of a 4.5 billion yuan onshore bond due in January 2023 agreed to extend the January 8 redemption and coupon payment deadline by six months
  • The deadline loomed after bondholders exercised a put option on January 8, demanding payment from Evergrande a year before the bond matures

Topic |   China Evergrande Group
Unfinished apartment buildings at the construction site of a China Evergrande Group development in Beijing on January 6, 2021.  Photo: Bloomberg
Unfinished apartment buildings at the construction site of a China Evergrande Group development in Beijing on January 6, 2021. Photo: Bloomberg
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