China Evergrande’s 11th-hour cancellation of a restructuring affecting more than $19 billion of its international bonds could lead to a messy collapse and have “a catastrophic effect” on other troubled companies in the property sector, its bond investors said.

China Evergrande’s 11th-hour cancellation of a restructuring affecting more than $19 billion of its international bonds could lead to a messy collapse and have “a catastrophic effect” on other troubled companies in the property sector, its bond investors said. https://ift.tt/I5Sqves