China Evergrande Averts First Onshore Public Default

China Evergrande secured investor backing to delay making payments on a $708 million onshore bond denominated in Chinese yuan, avoiding what could have been its first public default in the country’s domestic bond market.

China Evergrande Averts First Onshore Public Default
China Evergrande secured investor backing to delay making payments on a $708 million onshore bond denominated in Chinese yuan, avoiding what could have been its first public default in the country’s domestic bond market.