Sylvain Saurel’s Newsletter

Sylvain Saurel’s Newsletter

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Sylvain Saurel’s Newsletter
Sylvain Saurel’s Newsletter
Evergrande’s Restructuring Plan Is Stalling in China.

Evergrande’s Restructuring Plan Is Stalling in China.

The real estate developer has not been able to present the promised plan to its creditors by the end of July 2022.

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Sylvain Saurel
Aug 06, 2022
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Sylvain Saurel’s Newsletter
Sylvain Saurel’s Newsletter
Evergrande’s Restructuring Plan Is Stalling in China.
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It's still a big blur for Evergrande's international creditors. The Chinese real estate behemoth had pledged to present a “preliminary restructuring plan” by the end of July 2022, but instead, its creditors had to settle for a terse update referring to “preliminary restructuring principles”.

The Chinese developer, crushed by a mountain of debt estimated …

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