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Evergrande’s foreign bondholders push back ahead of hearing
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fnlondon.comProperty developer China Evergrande is struggling to reach a deal with foreign bondholders, raising the possibility that a court will tell the company to wind down.
Evergrande, once China’s largest property developer by sales, sold more than $20bn of dollar bonds during a debt-fuelled spending spree. The company defaulted on its foreign debt in late 2021, and has since been embroiled in a difficult negotiation with international bondholders. The latest bone of contention: whether Evergrande should be allowed to use its assets...
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