Chinese property group Evergrande offered a glimmer of hope on Wednesday by announcing it had “resolved” interest payments for onshore bonds due this week, days after a debt crisis at the group rippled across global markets.
But the world’s most indebted developer did not say when it would make the payment and, most crucially, failed to shed any further light on an important deadline it faces on Thursday for its international bonds.
The developments have only added to uncertainty over the prospects of a default at Evergrande, an event that could spark the biggest debt restructuring in China’s history.
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