Stock Groups

China Evergrande shares rise, as it faces bond interest payment By Reuters


© Reuters. China Evergrande Group headquarters, Shenzhen in Guangdong, China, September 26th, 2021. REUTERS/Aly Song/Files

HONG KONG (Reuters) – Shares of embattled China Evergrande rose around 2% on Wednesday ahead of a deadline for an interest payment to offshore bondholders that gives the property developer its next test in public markets.

Evergrande failed to pay a bond payment, and has yet another $47.5 million coupon payment.

The shares of Evergrande rose to HK$2.71 in the early trading.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this 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.