Evergrande closes smooth bond amid restructure

China Evergrande is in the middle of a debt binge. But its latest deal looks likely to be used for refinancing.

Evergrande closes smooth bond amid restructure

China Evergrande Group, the country’s biggest property company, is in the midst of a bold restructuring.

The Hong Kong-listed company, already riding a debt-fuelled expansion, is now planning a move that many executives salivate about a backdoor listing that will allow it to trade on China’s stock market, where valuations tend to be much higher than those in Hong Kong.

But a company the size of Evergrande faces many moving...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: bonds | high yield | china evergrande | property | xu jiayin | vanke

Print Edition

FinanceAsia Print Edition

EVENTS