Evergrande collapse could have a domino effect on Chinas property sector AllianceBernstein says Published Sun Sep 19 2021 850 PM. Evergrande is everywhere.
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Given that the slow drip of bad news from Evergrande was already on the markets radar it may be perplexing to some investors as to why.
Evergrande news. Its main business is in real estate and its Chinas second-largest property developer by sales. The Evergrande payments due Thursday include 835 million of interest on an 825 five-year dollar bond Bloomberg-compiled data show. There is a 30-day period before a missed payment is considered a default according to the bonds covenants.
Financial news outlet Caixin reported on Sunday that an estimated 40 billion yuan 6 billion in Evergrande wealth management products are.
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