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

by Mike Robinson

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© 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.

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