Evergrande Debt Deal
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China Evergrande inches closer to default as interest deadline quietly expiresA Thursday deadline for paying $83.5 million in bond interest passed without remark from Evergrande or any sign of bondholders being paid.MoneySep 24, 2021
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China readies for ‘possible storm’ over lingering Evergrande debt crisis: reportsChina has tasked local governments with preventing unrest and mitigating the ripple effect on home buyers and the broader economy, the Wall Street Journal reports.WorldSep 23, 2021
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China Evergrande debt crisis has small-time investors worrying ‘it’s game over’Evergrande, with outstanding debts of US$305 billion, recently stopped repaying some investors and suppliers and halted building work at projects across the country.WorldSep 23, 2021
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China Evergrande reaches debt deal – but questions remainMany financial institutions have exposure to Evergrande through direct loans and indirect holdings, while any defaults will also trigger sell-offs in the high-yield credit market.WorldSep 22, 2021
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