Evergrande offshore bondholders surprised by debt restructuring regulatory hurdles
© Reuters. FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo) Group's offshore bondholder group said on Monday it was surprised by the property developer's recent announcement that its offshore debt restructuring plan failed to meet regulatory requirements.
The ad hoc group said it was urging the Chinese property developer, the mostly heavily indebted in the world, to seek a resolution from regulators to allow the restructuring to proceed. "Until then, the base case is that China Evergrande Group will be liquidated at the next winding up hearing on October 30, 2023."Comment Guidelines
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