Hengda Real Estate's bondholders agree interest payment extension
FILE PHOTO: The China Evergrande Centre building sign is seen in Hong Kong, China December 7, 2021. REUTERS/Tyrone Siu/File Photo
HONG KONG : Bondholders of Chinese property developer Hengda Real Estate agreed to an extension of interest payment on one domestic bond by six months to April 19, 2023, according to a Shenzhen stock exchange filing on Friday.
Hengda, China Evergrande Group's flagship onshore business, held a meeting with bondholders between Oct. 13 and Oct. 14 to discuss the latest repayment arrangement.
Source: Reuters
