Evergrande’s offshore bondholders have threatened legal action after a lack of “substantive engagement” from the troubled developer.
A bondholder group, which accounts for billions of dollars of Evergrande’s $300bn debt, said it had retained law firm Harneys because it “has been left with no option but to seriously consider enforcement actions”.
“Despite the efforts to engage in substantive dialogue with [Evergrande], including through information requests, to date the [bondholder group] has received little more than vague assurances of intent, lacking in both detail and substance,” the bondholders’ advisers said on Thursday.
