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No Evergrande bondholders had received overdue coupon payments on the Nov 2022, Nov 2023 bonds as of 1400 GMT on Tuesday
NO EVERGRANDE BONDHOLDERS HAD RECEIVED OVERDUE COUPON PAYMENTS ON THE NOVEMBER 2022, NOVEMBER 2023 BONDS AS OF 1400 GMT ON TUESDAY - SOURCE
— *Walter Bloomberg (@DeItaone) December 7, 2021
Added at 10:57am
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Here we go,
— WallStreetBets & Co. (@WSBConsensus) December 7, 2021
China Evergrande Group didn't make payments due on some U.S. dollar bonds before a final deadline expired on Monday, potentially setting the stage for a massive default and one of the country's largest-ever debt restructurings.
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