Investors have been closely watching how the world’s most indebted developer resolves its debt woes. Photo: EPA-EFE Investors have been closely watching how the world’s most indebted developer resolves its debt woes. Photo: EPA-EFE
Investors have been closely watching how the world’s most indebted developer resolves its debt woes. Photo: EPA-EFE

China Evergrande ‘resolves’ interest payment due on smaller of two bonds as it fights to avert debt default

  • The beleaguered developer’s onshore unit said it had reached a ‘resolution’ affecting holders of 4 billion yuan (US$618 million) of notes due on Thursday
  • The unexpected move may help avert a default that could spill over to hurt the credibility of the world’s second-largest capital market

Topic |   Evergrande crisis
Investors have been closely watching how the world’s most indebted developer resolves its debt woes. Photo: EPA-EFE Investors have been closely watching how the world’s most indebted developer resolves its debt woes. Photo: EPA-EFE
Investors have been closely watching how the world’s most indebted developer resolves its debt woes. Photo: EPA-EFE
READ FULL ARTICLE