Reuters reveals Evergrande eyes onshore assets as sweetener for offshore debt restructuring

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Reuters exclusively revealed property developer China Evergrande Group plans to use domestic assets as sweeteners to win offshore creditor approval for a long-awaited debt-restructuring proposal. Evergrande, engulfed by $300 billion in liabilities, aims to start negotiating restructuring terms next month and is combing through onshore assets to offer as additional credit enhancement to holders of its U.S. dollar-denominated bonds.

The post Reuters reveals Evergrande eyes onshore assets as sweetener for offshore debt restructuring appeared first on Reuters News Agency.

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