If Evergrande collapses the sectors difficulties are likely to accelerate sending iron ore lower still. Evergrandes 47bn bond maturing in 2025 slumped below 25 cents on the dollar for the first time as fears over the companys collapse.
China S Evergrande Nev Reveals Star Market Listing Plan To Fuel Big Dreams Dream Big Electric Sports Car Multi Purpose Vehicle
European stock markets fell on.
Evergrande. Shares in Evergrande 3333HK which has been scrambling to raise funds to pay its many lenders suppliers and investors closed down. Economists at Danske Bank believe a default could. Evergrande needs to pay interest payments on Thursday including a coupon worth USD835 M.
Evergrande the worlds most indebted property developer is crumbling under the weight of more than 300 billion of debt and warned more.
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