Reuters exclusively reported that China Evergrande Group is considering repaying offshore public bondholders owed around $19 billion with cash installments and equity in two of its Hong Kong-listed units, as the world’s most indebted developer struggles to emerge from its financial crisis. Evergrande’s entire $22.7 billion worth of offshore debt, including loans and private bonds, is deemed to be in default after missing payment obligations late last year. The company said in March that it will unveil a preliminary debt restructuring proposal by the end of July.
The post Reuters reveals Evergrande discussing staggered payments, debt-to-equity swaps for $19 bln offshore bonds appeared first on Reuters News Agency.
Some of the links in this article are "affiliate links", a link with a special tracking code. This means if you click on an affiliate link and purchase the item, we will receive an affiliate commission.
The price of the item is the same whether it is an affiliate link or not. Regardless, we only recommend products or services we believe will add value to our readers.
By using the affiliate links, you are helping support our Website, and we genuinely appreciate your support.