Evergrande discussing staggered payments for $19b offshore bonds

Evergrande discussing staggered payments for $19b offshore bonds

FILE PHOTO: The China Evergrande Centre building sign is seen in Hong Kong, China. August 25, 2021. REUTERS/Tyrone Siu/File Photo

China Evergrande Group is considering repaying offshore public bondholders owed around $19 billion with cash instalments and equity in two of its Hong Kong-listed units, two sources said, as the world’s most indebted developer struggles to emerge from its financial crisis.