Evergrande: Shares in crisis-hit firm jump as debt deadline looms – English-BanglaNewsUs
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Evergrande: Shares in crisis-hit firm jump as debt deadline looms

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Published September 23, 2021
Evergrande: Shares in crisis-hit firm jump as debt deadline looms

Shares in Evergrande have jumped in Hong Kong after the troubled property giant struck an agreement with Chinese bond holders on Wednesday.

The announcement helped to calm some investor concerns over debts over more than $300bn (£220bn).

But the world’s most indebted developer is also due to make a $83.5m interest payment on an overseas bond on Thursday.

The Hong Kong market was closed on Wednesday when the deal was announced.

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