China Evergrande Group appeared to have averted default with a last-minute bond coupon payment, a source said, buying it another week to wrestle with a debt crisis looming over the world s second-biggest economy.The property developer also.
China Evergrande Group has supplied funds to pay interest on a dollar bond, a source told Reuters on Friday, days before a deadline that would have plunged the embattled developer into formal default. The source corroborated a story in the state-backed Securities Times on Friday that the company had remitted $83.5 million in coupon payments to a trustee account at Citibank on
China Evergrande Group appeared to have averted default with a last-minute bond coupon payment, a source said on Friday, buying it another week to deal with a debt crisis looming over the world s.