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China debt crunch

Evergrande tries to quell debt doubts with early bond repayment

China developer announces $1.45bn redemption after rating downgrade

Investors have been selling Evergrande shares since the end of May, after some of the company's affiliates missed payments.   © Reuters

HONG KONG -- China Evergrande Group, the world's most indebted property developer, has arranged to use $1.75 billion of its own funds to redeem offshore bonds maturing on Monday and to meet interest on all its other outstanding dollar notes, the company said on Thursday.

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