China Evergrande Signs Restructuring Agreement With Major Creditors

The video discusses Evergrande's complex debt restructuring, involving nearly $300 billion in liabilities. It highlights the different recovery options for creditors, depending on their position in the bond chain. Some may recover in 5-9 years, while others might wait 10-12 years, with equity involvement. Evergrande shares remain suspended, and the restructuring process includes initial votes in April, possibly extending to June. The target for restructuring is October, with a secondary deadline at year-end.

What are the two units of Evergrande mentioned in the restructuring context?

What is the potential secondary deadline for the debt restructuring?