Business, What's Next For Evergrande: Bailout, Breakup Or Default? - Cnn

Business, What's Next For Evergrande: Bailout

What's next for Evergrande: Bailout, breakup or default?

The fate of ailing Chinese developer Evergrande remains up in the air after a deadline came and went Thursday without an update from the company on whether it plans to pay nearly $84 million interest owed to bondholders.

9/24/2021 8:01:00 AM

The fate of ailing Chinese developer Evergrande remains up in the air after a deadline came and went Thursday without an update from the company on whether it plans to pay nearly $84 million interest owed to bondholders.

The fate of ailing Chinese developer Evergrande remains up in the air after a deadline came and went Thursday without an update from the company on whether it plans to pay nearly $84 million interest owed to bondholders.

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Evergrande makes deal with domestic bondholders to avoid defaultChinese property titan Evergrande's debt burden remains significant but it urges the market to calm down while the government is mute on the issue despite expectations that it will come forward to help the embattled firm.

Fears grow for China Evergrande after interest deadline passesChina Evergrande inched closer on Friday to the potential default that investors fear as an interest deadline expired without any announcement from the property giant whose mountain of debt has spooked world markets. I thought China was on the metric system. good luck

Evergrande's second-biggest shareholder plans to sell entire stakeChinese Estates Holdings , the second-biggest shareholder of embattled developer China Evergrande , said on Thursday it has sold $32 million worth of its Evergrande stake and plans to exit the holding completely.

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China asks local officials to prepare for 'possible storm' if Evergrande fails, WSJ saysChinese authorities are preparing for the potential downfall of Evergrande, the Wall Street Journal reported Thursday. China will give them a loan for the loans……. LONDON, Sept 23 (Reuters) – Bank of England Deputy Governor Sam Woods said on Thursday that Britain's banks have no major exposures to Evergrande and he does not expect the troubled Chinese property group to 'go badly wrong'.