(Reuters) – Foreign funds keeping China Evergrande Group bonds have finalized their debt restructuring strategies. He asks the president of the corporation, Hsu Jiayin, to repay the debt with his very own resources.
The Financial Situations (FT) claimed on the 30th, citing multiple resources.
The corporation finalized strategies to restructure $ 20 billion of offshore personal debt soon after it unsuccessful to deliver a reimbursement system by the July deadline, people reported. He also proposed to President Xu Jiayin to acquire new shares issued by the company and use the money to repay some of its offshore financial debt.
The business could not be attained for remark.
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