Evergrande bondholders to mull options as woes hit Chinese property bonds, shares

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Reuters

By Andrew Galbraith and Anshuman Daga SHANGHAI/SINGAPORE (Reuters) -Chinese property developers’ bonds and shares slumped on Friday with few clues as to how local regulators propose to contain the contagion from cash-strapped China Evergrande Group that faces nearly $150 million in offshore payment obligations next week. Evergrande, which is facing one of the country’s largest defaults as it wrestles with more than $300 billion of debt, has already missed coupon payments on dollar bonds twice last month. Some of the offshore bondholders of Evergrande will be holding a call on Friday evening As…

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