China Evergrande said in a stock exchange announcement that it would use the proceeds to refinance existing debts. Photo: Reuters

China Evergrande switches to convertible bonds at last minute, pares it down to US$2.3 billion

The developer had to drop perpetual bond offer, which would have helped it deleverage

Topic |   Bonds

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China Evergrande said in a stock exchange announcement that it would use the proceeds to refinance existing debts. Photo: Reuters
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