China tells Evergrande to avoid dollar bond defaults, Bloomberg reports

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Reuters

By Clare Jim, Anshuman Daga and Tom Westbrook HONG KONG/SINGAPORE (Reuters) -Chinese regulators have asked China Evergrande Group to avoid a near-term default on its dollar bonds, Bloomberg Law reported on Thursday, the day the troubled property developer is due to make a much-awaited interest payment on its offshore debt. In a recent meeting with Evergrande executives, regulators said the company should communicate proactively with bondholders to avoid a default but didn’t give more specific guidance, it reported, citing a person familiar with the matter. The Wall Street Journal reported sepa…

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