Evergrande Aims to Present Initial Debt Plan in 6 Months

Evergrande Aims to Present Initial Debt Plan in 6 Months

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Interactive Video

Business

University

Hard

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China Evergrande held a brief call with investors, confirming a plan in six months and equal treatment for onshore and offshore creditors. Offshore creditors have threatened enforcement due to lack of transparency, while Oak Tree has seized land in Hong Kong over a missed loan. Despite a slight bond recovery, investors seek more clarity. The call offered little new information, but potential state intervention may help address creditor impatience.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the change in the dollar bond value mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the general sentiment of investors regarding the clarity of the restructuring process?

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