China’s Evergrande group misses payment deadline, default fears arise
Evergrande to face the end of a 30-day grace period on Monday, with dues this time at US$82.5 million.
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Evergrande makes $47.5 million of interest payment on international bond: Report
The property developer had evaded a default last week by a hair’s breadth by securing $83.5 million for interest payment on a bond. It was then required to make coupon payments worth $47.5 million to bondholders by Friday.
China Evergrande wired funds to meet deadline payment for preventing default: Report
On Friday, the source confirmed a story in the state-backed Securities Times that the company had sent $83.5 million in coupon payments to a trustee account at Citibank on Thursday, enabling it to pay out to all bonds holders before the grace period expires on Oct. 23.