Evergrande bondholders to mull options as woes hit Chinese property bonds, shares
Financial Post - 10/8/2021; Last Update - 5/21/2024

“At this point, the call is basically to get a group of bond holders together so they can negotiate better,” said the person, who declined to be named because he was not authorized to speak to the media.

“Everyone’s trying to get any information available, so they can start planning their next move.”

Bloomberg first reported that some dollar bondholders were invited by advisers to a call on Friday 0630 EST (1030 GMT) to discuss strategy.

Evergrande dollar-bond trustee Citi has hired law firm Mayer Brown as counsel, said a separate source familiar with the matter, who declined to be named due to the sensitivity of the matter. Citi and Mayer Brown declined to comment.

A group of bondholders previously selected investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a potential restructuring of a tranche of bonds, Reuters reported last month.