China Evergrande to meet with yuan bondholders to delay redemption date

China Evergrande Group said on Wednesday it will hold an online meeting with some yuan bondholders on Jan. 7-10 to vote on proposals including one on delaying the redemption date of some bonds to July 8 from Jan. 8.
 

The bonds in question are Hengda Real Estate Group's 4.5 billion yuan ($156.92 million) 6.98% January 2023 bond, which gives bondholders the option to sell bonds back to the issuer this weekend.
 

Trading in the bonds will be halted from Jan. 6 ahead of the meeting with bondholders, Hengda, the flagship property arm of Evergrande, said in a statement.
 

The proposed