At least some of China Evergrande's offshore bondholders had not received a due coupon payment by the close of Asia business on Wednesday, sources said, although the cash-strapped developer reached a $1.5 billion deal to settle debt with a Chinese bank. Emer McCarthy reports.
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Evergrande Default
Chinese property giant Evergrande is facing the prospect of bankruptcy, reportedly unable to pay off its multi-billion dollar debts.