China’s Evergrande restructuring: What’s the plan?
BEIJING: Debt-crippled Chinese property giant Evergrande looks headed for a huge restructuring after it defaulted on $1.2 billion in bond repayments and remains mired in further liabilities worth more than $300 billion. What would a restructuring mean for creditors, homeowners and investors? The government is keen to limit any contagion hitting the financial system, but is … Read more
