China Evergrande arranges funds of US$1.75 billion to repay offshore bonds

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HONG KONG: China’s most indebted property developer said it had arranged its own funds of HKUS$13.6 billion (US$1.75 billion) to repay bonds due on Monday, as well as to pay interest on all other dollar bonds. The funds are to be remitted into the bond repayment account, the company said on …