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