Evergrande Restructuring Puts Bondholders at Beijing’s Mercy

  • Date: 11-Dec-2021
  • Source: Yahoo News
  • Sector:Economy
  • Country:Gulf
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Evergrande Restructuring Puts Bondholders at Beijing’s Mercy

(Bloomberg) -- When China Evergrande Group finally acknowledged the need for a debt restructuring last week, the embattled property giant pledged to “actively engage” with offshore creditors to create an overhaul plan.

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