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China Evergrande lines up funds for interest payment to avert default — source

HONG KONG/SHANGHAI: China Evergrande Group has supplied funds to pay interest on a US dollar bond, a person with direct knowledge of the matter told Reuters on Friday, days before a deadline that would have seen the developer plunge into formal default. The person said Evergrande remitted $83.5 million to a trustee account at Citibank on Thursday as earlier reported on

China s Troubled Property Behemoth Averts Default for Now

China s Troubled Property Behemoth Averts Default for Now
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China s troubled property behemoth averts default, signals business shift

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