Shanghai-based Yango Group has proposed exchanging US$747 million of outstanding dollar bonds due in the next two years. Photo: Reuters
Shanghai-based Yango Group has proposed exchanging US$747 million of outstanding dollar bonds due in the next two years. Photo: Reuters

Evergrande crisis: Central China Real Estate, Yango Group make last-ditch efforts to avoid bond defaults as Beijing piles on the pressure

  • Central China Real Estate (CCRE), based in Henan, said it had wired the funds to its trustee for a bond payment due this month
  • It was among developers summoned to a recent meeting where they were told by regulators to make preparations to pay their offshore debt

Topic |   Evergrande crisis
Shanghai-based Yango Group has proposed exchanging US$747 million of outstanding dollar bonds due in the next two years. Photo: Reuters
Shanghai-based Yango Group has proposed exchanging US$747 million of outstanding dollar bonds due in the next two years. Photo: Reuters
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