China Evergrande bondholders push own plan for debt restructuring: Report

With more than $300 billion in liabilities, Evergrande has been at the centre of the crisis and its debt restructuring plan is seen as a possible template for others

Global funds that invested in China Evergrande Group's bonds have come up with their own debt restructuring plan for the property developer and demanded that its chair repay liabilities with his own fortune, the Financial Times reported on Tuesday, citing two people familiar with the matter.

With more than $300 billion in liabilities, Evergrande, once China's top-selling developer, has been at the centre of the crisis and its debt restructuring plan is seen as a possible template for others.

Bondholders submitted a proposal that laid out a framework to restructure Evergrande's $20 billion of offshore debts in recent days after