Stock Groups

Some Evergrande offshore bondholders not paid by Thursday deadline U.S. time

by Mike Robinson

[ad_1]

© Reuters. On September 24, 2021, a man walks by the Evergrande Center of China Evergrande Group, Shanghai, China. REUTERS/Aly Song

SINGAPORE/HONG KONG (Reuters) – Some of China Evergrande Group’s offshore bondholders have not received interest payment by a Thursday deadline U.S. time, two people familiar with the matter said, as worries about the fate of the property developer mount.

Evergrande’s debt mountain has caused panic in the world market and the deadline to pay $83.5m bond interest was met on Thursday. If the grace period passes, then the company will default.

They were not authorized to talk to the media so they could not identify their sources.

Evergrande’s spokesperson did not respond immediately to our request for comment. Reuters couldn’t determine whether Evergrande told bondholders about its plan to pay the Thursday coupon.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses caused by the data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]