Evergrande Offshore Creditors Warn of Legal Action Over Default and Weak Engagement

Evergrande Offshore Creditors Warn of Legal Action Over Default and Weak Engagement
A partially removed company logo of China Evergrande Group is seen on the facade of its headquarters, near a traffic light in Shenzhen, Guangdong Province, China on Jan. 10, 2022. David Kirton/Reuters
Updated:

International creditors of the world’s most-indebted property developer threatened on Jan. 20 they would roll out “all necessary actions” to defend their rights if the company fails to resolve its default in good faith.

China Evergrande Group has been struggling with over $300 billion in total liabilities, including nearly $20 billion of international bonds all deemed to be in cross-default by rating agencies after a run of missed payments late last year.

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