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Evergrande Secures Extension On Jumbo Fortune Bond (REDD)

CHINA

BBG runs a summary of a sources piece from little-known news website REDD. BBG notes the piece suggests that "China Evergrande Group has secured agreement for an extension of more than three months on a $260 million bond issued by Jumbo Fortune and guaranteed by the developer, per two sources briefed by the bondholders. The agreement was reached earlier this week after Evergrande agreed to provide extra collateral: REDD Evergrande will seek Guangdong government's opinion before making the delayed dollar coupon payments, without identifying the source of the information. Evergrande did not immediately reply to a Bloomberg request for comment on Thursday."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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