The eyes of many global investors are now on Evergrande’s bonds.
And for good reason. On Wednesday, Evergrande said it resolved interest payments on an onshore bond due this week. The following day, it was scheduled to make an $83.5 million repayment on a $2 billion offshore bond. Another $47.5 million is due next week.
Financial regulators in Beijing told management to avoid a near-term default on its dollar bonds, to prevent contagion spreading through the economy and offshore.
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