Evergrande’s unit Hengda Real Estate saw its bondholders agree to extend coupon payments on its local bond by six months to 19 April 2023, according to a Shenzhen exchange filing. The news comes just days after the unit held a bondholder meeting regarding the extension where its total interest due is RMB 121.8mn ($17mn). Evergrande’s dollar bonds were trading over 0.1 points weaker at 4-5 cents on the dollar.
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