Investors shrug at new Evergrande bond deadline a week on from roll havoc

By Dan Alderson

Chinese real estate giant Evergrande looks unlikely to meet a $45 million bond payment due on Wednesday despite reports it plans to sell a $1.5 billion commercial bank stake. But credit markets are showing very little reaction despite initial default concerns having up-ended CDS index rolls only last week

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TAGS: Asia CDS Emerging markets Europe High yield bonds Secondary market Distressed debt Credit derivatives North America