Seems like the nearly $4B raised would not last much longer. Developers Face $12 Billion Trust Payments: Evergrande Update. Need to pay $103B in the next 13 months.
China’s struggling real-estate firms had another miserable month in November as a slump in home sales deepened. The country’s builders are facing $12 billion in trust payments coming due in December, posing a major challenge for an industry whose liquidity squeeze has spooked global markets. Private-sector developers are selling the fewest bonds domestically in nearly … Read more