This post was originally published on this site
Citing three product holders who were briefed by investment representatives, REDD added those holding more than 100,000 yuan will have their payments extended by two to four years and amortized, with the first payment to be made next year.
** Evergrande released an interim repayment plan on Thursday.
** All interest will be paid after the principal amounts are fully repaid.
** Payments to institutional investors will be suspended to an undecided date.
** REDD reported on Wed Evergrande may suspend all payments to its wealth management products starting Sept. 8.
($1 = 6.4387 Chinese yuan renminbi)
