The Week Ahead: Debt and deadlines

Published by
Miami Herald

What does a Chinese property developer and the U.S. government have in common? IOUs. The real estate firm needs to pay some back, and Uncle Sam needs to be able to borrow more. How they meet or miss these obligations may dominate investor attention in the week ahead. First, China real estate. Evergrande Group is coming up short of its grandiose name. The company practiced the “borrow to build” strategy of real estate development on a grand scale. It owes $350 billion in all, but relatively smaller sums have been worrying global investors, including a $47.5 million bond interest payment due thi…

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