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Evergrande announces agreement to repay loan interest

2021-09-22T02:46:51.273Z

The struggling Chinese real estate giant Evergrande announced Wednesday, September 22 that it had reached an agreement with bondholders ...



The struggling Chinese real estate giant Evergrande announced on Wednesday September 22 that it had reached an agreement with bondholders to avoid being in default of payment.

Read alsoReal estate: the fall of the Chinese giant Evergrande shakes the markets

In a statement to the Shenzhen Stock Exchange (southern China), the group, which is drowning in debt of some 260 billion euros, said that one of its subsidiaries, Hengda, had negotiated a repayment plan for 'an obligation. According to the Bloomberg financial agency, Evergrande would repay 232 million yuan (30.5 million euros) in debt due Thursday.

Source: lefigaro

All business articles on 2021-09-22

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