Mar 24, 2023 09:25 PM

Charts of the Day: China Evergrande’s Restructuring Plan Shows Magnitude of Its Crippling Debt Pile

China Evergrande Group has finally laid bare the magnitude of its debt trouble and sparked new doubts of its recovery prospects, as the fallen property titan released details of a long-awaited restructuring plan.

Following delays and lengthy negotiations with creditors, the world’s most indebted developer released on Wednesday its plan to restructure about $19.1 billion worth of offshore bonds, which is about 87% of the company’s total offshore leverage at the end of 2021.

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