Evergrande moment of truth arrives with bond payment deadlines ...Qatar

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China Evergrande Group bondholders are about to find out if the property giant’s liquidity crisis is as dire as it appears. Interest payments on two Evergrande notes come due Thursday, a key test of whether the developer will continue meeting obligations to bondholders even as it falls behind on payments to banks, suppliers and holders of onshore investment products. Investors are pricing in a high likelihood of default, with one of the notes trading at less than 30% of face value. Concern over Evergrande’s ability to make good on $300bn of liabilities is spilling into China’s financial markets. Shares of other real estate firms have plunged, while the yield on an index of dollar-denominate

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Last updated : 19 September 2021 clock 09:30 PM

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Evergrande moment of truth arrives with bond payment deadlines ...Qatar

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