Evergrande To Default On Second Offshore Bond After $1.5 Billion Bank Stake Sale
Sep 29th 2021 8:25am EDT
Evergrande To Default On Second Offshore Bond After $1.5 Billion Bank Stake Sale China’s cash-strapped property giant Evergrande was on the verge of defaulting on a second bond on Wednesday despite agreeing to settle debt with a Chinese bank in a $1.5 billion stake divestment deal, a move which sent Evergrande’s worthless stock squeezing higher, […]
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