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Evergrande reportedly pays bondholders $110 million, averting default for now – ABC News
Reports reveal Evergrande remitted $US83 million ($110 million) to a trustee account at Citibank on Thursday, allowing it to…
China’s Evergrande may have averted a formal default by wiring funds for a US dollar bond interest payment, initially due September 23, just a couple of days before a grace period was set to expire.
Key points:
- Reports reveal Evergrande has remitted a key…
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