Some Evergrande bondholders not paid coupon by end of Wednesday deadline – Reuters

China Evergrande Group has missed the coupon payment to some of its offshore bondholders, Reuters reported, citing two people familiar with the matter told Reuters,

The interest payment was due by the end of Wednesday New York time, the sources added.

Key details

“The cash-strapped company was due on Wednesday to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond.”

“It had missed paying $83.5 million in coupon last Thursday.”

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