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The Lehman Brothers moment – China Evergrande’s liquidity crisis deepens, report flags interest payment miss

The Lehman Brothers moment – China Evergrande’s liquidity crisis deepens, report flags interest payment miss



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  1. tldr; China’s major banks have been notified by the housing authority that Evergrande Group won’t be able to pay loan interest due on September 20, Bloomberg reported. The country’s Ministry of Housing and Urban-Rural Development (MOHURD) held a meeting with the banks this week, the report added. The troubled property developer is still discussing with banks the possibility of extending payments and rolling over some loans

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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