{"id":27989,"date":"2021-09-29T06:34:22","date_gmt":"2021-09-29T06:34:22","guid":{"rendered":"https:\/\/www.banglanewsus.com\/english\/?p=27989"},"modified":"2021-09-29T06:34:22","modified_gmt":"2021-09-29T06:34:22","slug":"evergrande-struggling-firm-to-raise-1-5bn-as-debt-payment-looms","status":"publish","type":"post","link":"https:\/\/www.banglanewsus.com\/english\/2021\/09\/29\/evergrande-struggling-firm-to-raise-1-5bn-as-debt-payment-looms\/","title":{"rendered":"Evergrande: Struggling firm to raise $1.5bn as debt payment looms"},"content":{"rendered":"<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\"><b class=\"ssrcss-hmf8ql-BoldText e5tfeyi3\">Chinese property giant Evergrande has said it is selling a $1.5bn (\u00a31.1bn) stake it owns in a commercial bank, as it scrambles to raise money owed to customers, investors and suppliers.<\/b><\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The almost 20% stake in state-owned Shengjing Bank is effectively being bought back by the bank.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">It comes after Evergrande missed a bond interest payment last week.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The cash-strapped company also faces a deadline on Wednesday for another bond interest payment of $47.5m.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chinese property giant Evergrande has said it is selling a $1.5bn (&pound;1.1bn) stake it owns in a commercial bank, as it scrambles to raise money owed to customers, investors and suppliers. The almost 20% stake in state-owned Shengjing Bank is effectively being bought back by the bank. It comes after Evergrande missed a bond interest payment last week. The cash-strapped company also faces a deadline on Wednesday for another bond interest payment of $47.5m.<\/p>\n","protected":false},"author":2,"featured_media":27990,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30,12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/27989"}],"collection":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/comments?post=27989"}],"version-history":[{"count":1,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/27989\/revisions"}],"predecessor-version":[{"id":27991,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/27989\/revisions\/27991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media\/27990"}],"wp:attachment":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media?parent=27989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/categories?post=27989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/tags?post=27989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}