Reuters reveals Evergrande eyes onshore assets as sweetener for offshore debt restructuring

Reuters solely published belongings developer China Evergrande Team plans to make use of home belongings as sweeteners to win offshore creditor popularity of a long-awaited debt-restructuring proposal. Evergrande, engulfed through $300 billion in liabilities, goals to start out negotiating restructuring phrases subsequent month and is combing via onshore belongings to provide as further credit score enhancement to holders of its U.S. dollar-denominated bonds.