Name: Default Threat Increases for Evergrande, Kaisa
Uploaded: 2021-12-04T07:11:43.000Z
Description: The threat of default loomed over Chinese property firm Kaisa on Friday.

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The threat of default loomed over Chinese property firm Kaisa on Friday.

The company announced it had failed in talks with offshore bondholders to extend the maturity of a $400 million debt payment due next week.

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