China Property Defaults: Here’s How Bad It Could Get

China Property Defaults: Here’s How Bad It Could Get

Some folks weren't paid. Or at least not immediately. Holders of two Evergrande dollar bonds with coupons due Monday hadn't received funds as of 5 PM in Hong Kong, Bloomberg reported, noting that in total, across three bonds, the beleaguered developer at the center of China's burgeoning property crisis was obliged to pay nearly $150 million in interest Monday. The company is staring down a daunting calendar. It’s already missed some loan payments and markets weren’t amused with the ambiguo
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