Evergrande Makes Another Last Minute Payment as Yet Another Chinese Developer Defaults!
With just hours remaining in the 30 day grace period for a missed bond interest payment, Evergrande managed to make a payment to offshore debt holders and thus buy themselves a few more days until their next default deadline. Meanwhile another yet another Chinese developer, Oceanwide Holdings, has defaulted on a bond payment and debt holders have seized the company's stake in a now infamous San Francisco skyscraper development called Oceanwide Center.
#Evergrande #Oceanwide #ChinaHousingCollapse
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