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World's most indebted developer: Evergrande seeks to delay payments | DW News

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China's Evergrande will seek a six-month delay in the redemption and coupon payments of a 4.5 billion yuan ($157 million) bond in a meeting with bond holders this weekend, underscoring the pressure on the debt-laden property developer. Evergrande is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of offshore bonds deemed in cross-default by ratings agencies last month after it missed payments

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#China #Evergrande #Economy
Category
Europe
Tags
DW News, evergrande, china
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