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China Evergrande to hold talks with bondholders on Wednesday -sources

Reuters · 01/06/2023 05:04
China Evergrande to hold talks with bondholders on Wednesday -sources

- Embattled property developer China Evergrande Group 3333.HK will hold a meeting with dollar bondholders on Wednesday to discuss its debt restructuring proposals, two sources familiar with the matter said on Friday.

Once China's top-selling developer, Evergrande is at the centre of the country's property crisis. Its $22.7 billion of offshore debt, including loans and private bonds, is deemed to be in default after missed payments late last year.


(Reporting by Julie Zhu and Xie Yu in Hong Kong
Additional reporting by Clare Jim
Editing by Sumeet Chatterjee and David Goodman
)

((Yu.Xie@thomsonreuters.com;))