China Evergrande to hold investor call on Wednesday – seeking more time

Evergrande was once China’s top selling real estate developer. It defaulted on some dollar bond payments last month and has over US$300 bn in liabilities. This includes nearly US$20 billion of international bonds all deemed to be in default.

Earlier this week the firm asked its offshore bondholders for more time to work on a “comprehensive” and “effective” debt restructuring plan.

Info via Reuters on the call.

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