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What next as Evergrande misses second coupon payment?

Twinkle Zhou
Investors have turned bearish on Evergrande and, in some cases, Chinese high-yield. But many believe Beijing will support an organised restructuring of the firm to prevent its complete collapse.
What next as Evergrande misses second coupon payment?

China Evergrande Group, one of China's largest real estate developers, has been on the brink of defaulting on its debts, and bondholder fears seem to be coming true as the group missed its second offshore coupon payment in as many weeks.

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