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China Evergrande to Give Creditors Glimpse of Restructuring Plan

  • Developer said to plan meeting with dollar bondholders Friday
  • Restructuring by Evergrande would be one of China’s biggest
Bloomberg business news
China Mulls More Property Easing at Economic Meeting
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The developer at the epicenter of China’s property debt crisis appears to be inching closer to unveiling a restructuring blueprint, after a long delay that has frustrated investors and highlights their struggle in a country still relatively new to defaults. 

China Evergrande Group is planning to meet with an ad-hoc group of its dollar bondholders Friday to formally discuss a debt restructuring proposal, people familiar with the matter said. The meeting could mark a significant step toward more details of a keenly-awaited restructuring plan, after the builder roiled markets late last year by defaulting on dollar bonds.