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Some Evergrande bondholders not paid coupon by end of Wed deadline NY time-sources By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: Two men ride bikes past construction sites close to the China Evergrande Group headquarters in Shenzhen. Guangdong, China, September 26th, 2021. REUTERS/Aly Song

HONG KONG (Reuters) – Some of China Evergrande Group’s offshore bondholders have not received interest payment due by the end of Wednesday New York time, two people familiar with the matter told Reuters, with the company missing its second debt obligation this month.

On Wednesday, the cash-strapped firm was to pay $47.5 million in interest on its 9.5% March 2024 bond. Last Thursday, it had failed to pay $83.5 million in coupon.

Evergrande’s spokesperson could not be reached for immediate comment. Reuters couldn’t determine whether Evergrande told bondholders about its plan to pay Wednesday’s coupon.

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