This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Evergrande Delays Offshore Debt Restructuring Decision By a Month
September 11, 2023
China Evergrande has delayed the decision regarding its offshore debt restructuring from September to October. Evergrande said that it delayed the decision to allow the Hong Kong CEG class (Class A and C) debtholders more time to consider its restructuring plan. Evergrande needs approval from more than 75% of the bondholders of each debt class to approve the plan.
Evergrande’s dollar bonds are trading at deeply distressed levels of 4-6 cents on the dollar.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.