Chinese Local Governments Used Fake Property Deals to Boost Revenues

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Evergrande Strikes Deal for $19 Billion Bond Restructuring

[ad_1] The restructuring has been agreed to by a group that holds more than a fifth of the property developer’s international bonds. Other bondholders have until March 31 to approve…

Evergrande Restructuring Is a Warning to China’s Other Creditors

[ad_1] Markets Heard on the Street Offshore creditors who lent the property developer billions are discovering they have little if any meaningful recourse [ad_2] Source link

Chinese Developer Evergrande Nears Landmark Restructuring Deal

[ad_1] China Evergrande Group, the giant property company that defaulted on its U.S. dollar bonds more than a year ago, is close to striking a debt restructuring deal with foreign…

China Property Sector Left in Limbo by Stalled Debt-Restructuring Talks

[ad_1] Markets Many debt negotiations are moving slowly, creating an overhang for a housing sector that is trying to recover [ad_2] Source link

Evergrande’s Foreign Bondholders Push Back as Hearing Looms

[ad_1] Markets Credit Markets Competing claims between international bondholders and creditors in mainland China are one of the issues the property developer needs to resolve [ad_2] Source link

Evergrande Probe Finds Management Missteps and Convoluted Financing Arrangements

[ad_1] The investigation looked into how banks ended up seizing $2 billion from a subsidiary of the Chinese property giant. [ad_2] Source link