Evergrande has not said anything about repayment on USD bonds. It’s only paying back China onshore Bonds. Be careful
News is doing the rounds that evergrande is going to pay back the bonds and getting a restructuring. This news only says it’s going to repay the China RMB denominated bond. Not the USD bond that’s held by major Western Hemisphere institutions. This is the bond that can cause contagion. The bail out also helps…
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