Who Loses In Evergrande Debt

China's Evergrande ($EGRNF@China) Group will make it a top priority to help retail investors redeem their investment products as uncertainty looms over a bond interest payment the indebted property developer is due to complete on Thursday. Evergrande, which epitomized the borrow-to-build business model and was once China's top-selling developer, ran into trouble over the past few months as Beijing tightened rules in its property sector to rein in debt levels and speculation. The company resolved one debt concern yesterday, a coupon payment on a domestic bond, which pushed its stock price to its biggest single-day percentage rise in a year. The moves underscored political pressure on Evergrande, whose liabilities run to 2% of China's gross domestic product, to contain the fallout from its credit crunch and protect mom-and-pop investors over professional creditors.