Some Evergrande offshore bondholders not paid by Thursday deadline U.S. time – sources

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imageStock Markets23 minutes ago (Sep 24, 2021 01:55AM ET)

(C) Reuters. A man walks past the Evergrande Center of China Evergrande Group in Shanghai, China, September 24, 2021. REUTERS/Aly Song

SINGAPORE/HONG KONG (Reuters) – Some of China Evergrande Group’s offshore bondholders have not received interest payment by a Thursday deadline U.S. time, two people familiar with the matter said, as worries about the fate of the property developer mount.

A deadline for paying $83.5 million in bond interest ended on Thursday without remark from Evergrande, whose mountain of debt has spooked world markets. The firm now enters a 30-day grace period and it will default if that passes without payment.

The sources could not be named as they were not authorised to speak to the media.

A spokesperson for Evergrande did not immediately respond to a request for comment. Reuters was unable to determine whether Evergrande has told bondholders what it plans to do regarding the coupon payment due on Thursday.

Some Evergrande offshore bondholders not paid by Thursday deadline U.S. time – sources

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