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Steven Mnuchin Warns of Inflation Risk, 3.5% Treasury Yields

Reuters

Evergrande creditors fear imminent default as concerns shake sector

SHANGHAI/SINGAPORE/HONG KONG (Reuters) -China Evergrande Group offshore bondholders are concerned that it is close to defaulting on debt payments and want more information and transparency from the cash-strapped property developer, their advisers said. Evergrande, which could trigger one of China’s largest defaults https://www.reuters.com/article/china-evergrande-debt-property-bonds/update-1-building-default-fears-pummel-chinese-property-firms-idUSL8N2R433Z as it wrestles with debts of more than $300 billion and whose troubles have already sent shockwaves across global markets, missed payments on dollar bonds, worth a combined $131 million, that were due on Sept. 23 and Sept. 29. With Evergrande staying silent on dollar debt payments and prioritising onshore creditors, offshore investors https://www.reuters.com/business/investors-grappling-with-evergrande-fallout-weigh-risk-wider-pain-2021-09-20 have been left wondering if they will face large losses at the end of 30-day grace periods for last month’s coupons.

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