Skip to content

Evergrande Restructuring Puts Onus on Xi to Limit Contagion

  • Bondholders haven’t been paid coupons that were due Monday
  • S&P says default is ‘inevitable’ after months of turmoil
Video player cover image
WATCH: Some Evergrande bondholders had yet to receive coupon payments. Rebecca Choong Wilkins reports.Source: Bloomberg
Updated on

The question has loomed over China Evergrande Group for months: Is the world’s most indebted developer too big to fail? 

Investors finally have their answer. With a flurry of announcements that sent Evergrande bonds tumbling to record lows this week, the company and Beijing have made it clear that billionaire Hui Ka Yan’s property giant is headed for one of China’s largest-ever debt restructurings.