China’s Evergrande is overdue and is heading towards default

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The China Evergrande Group did not pay some US dollar bonds before its final expiration on Monday, people familiar with the matter said.

Huge real estate developers have been on the verge of failure for months after accumulating more than $ 300 billion in debt. Last Friday, Evergrande Asked the government for help In the home state of Guangdong Province, who agreed to send a working group to help assess and organize the company’s problems.Development was viewed by analysts as: Start of managed restructuring A prelude to the default by the evergrande and 25-year-old conglomerate.

China’s Evergrande is overdue and is heading towards default

Source link China’s Evergrande is overdue and is heading towards default

The post China’s Evergrande is overdue and is heading towards default appeared first on Eminetra.

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