Press "Enter" to skip to content

China tells banks Evergrande won’t be able to pay interest due Sept 20 – Bloomberg News

Amnon Free Press/Central Press Syndicate, USA. Read, Enjoy and Share the Latest US News Updates.

September 15, 2021

(Reuters) – China’s Ministry of Housing and Urban-Rural Development has told major banks that Evergrande will not be able to make loan interest payments due Sept. 20, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Other News:   Judge Blocks Florida’s ‘Anti-Riot’ Law, Says it Violates First Amendment Rights

Evergrande, the country’s No.2 property developer, is still in talks with banks on the possibility of extending payments and rolling over some loans, Bloomberg reported, adding that the housing ministry has convened a meeting with banks this week.

Other News:   Exclusive-Singapore’s ADVANCE.AI raising $200 million from Warburg Pincus-led investors – sources

(Reporting by Sarah Morland in Gdansk; Editing by Muralikumar Anantharaman)

To continue reading this news article, follow the link to the news website.

For any inquiries, contact Amnon Free Press (Amnon Jobi Jakony) by writing to editor [at] amnonfreepress.com. Discover a world of hyper-local news below.

Other News:   Citizen Open Thread — Sunday

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *