A 99% Bond Wipeout Evergrande
The nation’s deepening property-market slump, a $7 trillion stock rout and a tepid policy response are all weighing on broader sentiment.
The fact that the bulk of the company’s assets are either already seized or located not in Hong Kong but mainland China — potentially out of reach of bondholders
Bloomberg 8 February 2024
Evergrande Heads to Liquidation