Evergrande’s debt deadline passes as Kaisa adds to China’s property crisis

Clare Jim, Scott Murdoch, and Andrew Galbraith, Reuters, 07 December 2021

Some offshore bondholders of China Evergrande did not receive coupon payments by the end of a 30-day grace period, people with knowledge of the matter said, pushing the cash-strapped property developer closer to formal default. Adding to a liquidity crisis in China's once bubbling property market, Kaisa Group Holdings is also unlikely to meet its US$400 million offshore debt deadline...

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