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

Dhwani Mehta FXStreet

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.”

Asian Stock Market: Trades mixed as China's Evergrande risk eases

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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