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Advisers to Evergrande, Bondholders Take Step Toward Debt Talks

  • Creditors are seeking constructive dialogue, more information
  • The developer has another deadline on a dollar bond this week
Bloomberg business news
WATCH: China Evergrande Group and those representing bondholders have taken the first steps toward possible debt negotiations. Bloomberg’s Stephen Engle reports.(Source: Bloomberg)

Advisers representing China Evergrande Group and a group of its offshore bondholders have taken what’s often a first step toward negotiations as the embattled developer faces a cash crunch, according to people with knowledge of the matter.

Company advisers Houlihan Lokey Inc. and Admiralty Harbour Capital along with offshore bondholder advisers Moelis & Co. and Kirkland & Ellis, signed non-disclosure agreements in preparation for potential talks, the people said.