Potential buyers queue for China Evergrande Group’s Emerald Bay project in Tuen Mun at the developer’s sales office in Wan Chai on 28 October 2019. Photo: May Tse Potential buyers queue for China Evergrande Group’s Emerald Bay project in Tuen Mun at the developer’s sales office in Wan Chai on 28 October 2019. Photo: May Tse
Potential buyers queue for China Evergrande Group’s Emerald Bay project in Tuen Mun at the developer’s sales office in Wan Chai on 28 October 2019. Photo: May Tse

Creeping funding costs at above-market rates in the shadow banking world skew Evergrande's plan to pare back debt

  • The developer has been shopping around for cash among small banks and private trusts at high rates to fund developments
  • Evergrande also has had to quell concern about its cash flow

Topic |   Dealing with debt
Potential buyers queue for China Evergrande Group’s Emerald Bay project in Tuen Mun at the developer’s sales office in Wan Chai on 28 October 2019. Photo: May Tse Potential buyers queue for China Evergrande Group’s Emerald Bay project in Tuen Mun at the developer’s sales office in Wan Chai on 28 October 2019. Photo: May Tse
Potential buyers queue for China Evergrande Group’s Emerald Bay project in Tuen Mun at the developer’s sales office in Wan Chai on 28 October 2019. Photo: May Tse
READ FULL ARTICLE