China tells Evergrande to avoid near-term default on bonds

September 23, 2021 6:40 PM

HONG KONG (BLOOMBERG) – Financial regulators in Beijing issued a broad set of instructions to China Evergrande Group, telling the embattled developer to focus on completing unfinished properties and repaying individual investors while avoiding a near-term default on dollar bonds.

Source : http://www.straitstimes.com/business/companies-markets/china-tells-evergrande-to-avoid-near-term-default-on-bonds