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Evergrande’s Global Bondholders Didn’t Receive Interest Payment

Hamartia Antidote

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Global investors who own China Evergrande Group ’s U.S. dollar bonds hadn’t received an interest payment from the property giant by Thursday’s deadline, said people familiar with the matter.

Evergrande was on the hook to make $83.5 million in coupon payments by Sept. 23 on dollar bonds with a face value of $2.03 billion. The company could make the payments belatedly and it has a 30-day grace period before bondholders can call a default.
 

Mentee

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Evergrande's default may cause an adverse dominoes effect for the global economy
 

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