China Evergrande said its offshore units will be issuing US dollar denominated bonds. Photo: Reuters

Highly indebted mainland developer China Evergrande to pay double-digit interest on US dollar bonds

  • Hong Kong-listed developer says its offshore units will issue the bonds and that its chairman will buy up to US$1 billion of notes
  • Analysts expect trend of high refinancing costs to haunt other Chinese builders as liquidity conditions tighten
Topic |   China property

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China Evergrande said its offshore units will be issuing US dollar denominated bonds. Photo: Reuters
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