HONG KONG: China Evergrande Group saw its stock claw back as much as 8.3% on Tuesday, after losing 20% a day before, as the property developer moved closer to restructuring a debt pile so big that default could reverberate across borders.
Market participants worldwide are watching to see whether the world's most-indebted property developer, with over $300 billion in liabilities, makes $82.5 million in coupon payments before a 30-day grace period ends later in the global day.
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