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Evergrande pays overdue interest and again dodges default

October 29, 2021 8:31 AM

NEW YORK (BLOOMBERG) – Some China Evergrande Group bondholders received an overdue interest payment shortly before the expiry of a grace period, buying more time for the debt-stricken property developer as it tries to raise cash through asset sales.

Source : http://www.straitstimes.com/business/property/evergrande-pays-overdue-interest-and-again-dodges-default

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