Evergrande averts default with $110m bond payment
ABC NEWS (Australia)
2021-10-22
Views 5.5K
State media in China is reporting the property development giant, Evergrande, has made a crucial interest payment staving off a looming default on its debts. Evergrande has transferred $110 million to bondholders just one day before a deadline but it doesn't mean the Chinese giant is out of trouble.
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