China Developer Yango Offers Bond Swap, Backstopped by its Chief, to Avert Default

SHANGHAI (Reuters) -Chinese developer Yango Group offered on Monday to exchange some of its U.S. dollar bonds for new notes personally guaranteed by its chairman as it struggles to free up cash and avoid defaulting on upcoming debt payments.

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China Developer Yango Offers Bond Swap, Backstopped by its Chief, to Avert Default

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