, givingmore time to work out what investors expect will be a lengthy and complicated restructuring.
Hengda Real Estate Group Co., the biggest unit of the giant conglomerate, said Wednesday it negotiated privately with holders of an onshore bond to settle a 232 million yuan coupon payment that is due Thursday. The five-year bond has a 4 billion yuan principal value, and matures in September 2025.
All those buildings and all those floors of people, but only ONE basketball court? Must take forever to get playtime after calling, 'WE GOT WINNERS.'
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China won't let Evergrande fail, which should lead to a market rebound, Ed Yardeni saysThe likelihood that the Chinese government won't let Evergrande fail should help calm investors' nerves, Ed Yardeni of Yardeni Research said. Pro But them propping up Evergrande will lead to failure eventually anyway. This is how we got here. Pro Michael Burry Warns Retail Traders About the 'Mother of All Crashes'
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