China warning on cusp of Evergrande default deadline amid contagion debate

clock • 5 min read
China warning on cusp of Evergrande default deadline amid contagion debate

China has told Evergrande Group to avoid a near-term default on its dollar bonds, as the troubled property developer is due to make a much-awaited interest payment on its offshore debt. In a recent meeting with Evergrande executives, China regulators said the company should communicate proactively with bondholders to avoid a default but didn't give more specific guidance, Bloomberg Law reported, citing a person familiar with the matter. Chinese authorities also are asking local governme...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login