Breakingviews - Evergrande’s debt scares creditors into submission - Reuters

8:05pm PDT - October 6th, 2020    twitter stock - Reuters

China’s second-largest developer Evergrande has frightened creditors owed nearly $15 billion into converting obligations into unlisted shares. Details are scant, but this marks another miraculous escape for founder Hui Ka Yan regardless. The fact that credito…