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China Evergrande bondholders are on the verge of whether the real estate giant’s liquidity squeeze is as serious as it looks.
Interest payments on two Evergrande notes fall due Thursday, a key test of whether the developer will continue to meet its obligations to bondholders even if it falls behind on payments to banks, suppliers and holders of onshore investment products. Investors rate a high probability of default, with one of the Notes trading below 30% of its face value.
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