Evergrande Prepares Restructuring Agreement for End of March

(Bloomberg) — China Evergrande Group, the world’s most indebted developer, said it expects that a restructuring support agreement will be ready by the end of March after it won preliminary support from a group of major creditors.

Evergrande said during a Hong Kong court hearing Monday that creditors will get access to term sheets as early as Wednesday. The progress allowed for adjournment of the case to July 31.