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China s Evergrande Makes Last Minute Interest Payment On Dollar Bond, Avoiding Default

Unexpected move allows property company to postpone default that would rock global economy

Chang wei liangHong kongIg asia pteJustin tangOmotunde lawalJun rong yeapHans goettiPeople dailyCeb international invHg researchChina evergrandeSecurities timesCommunist partyHong kong listedUnited first partnersRong yeap

Evergrande avoids default with last-minute bond interest payment

A 30-day grace period for the bond coupon would have expired on Saturday

Hong kongJustin tangWu qiongEric liuHans goettiSunac china holdings ltdChina resources land ltdInternational holdingsHg researchChina evergrande groupChina evergrande centre in hong kongChina evergrande centreImage creditUnited firstChina holdingsChina resources land

China s Evergrande Makes Last Minute Interest Payment On Dollar Bond, Avoiding Default

China s Evergrande Makes Last Minute Interest Payment On Dollar Bond, Avoiding Default
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

Chang wei liangHong kongIg asia pteJustin tangOmotunde lawalJun rong yeapHans goettiPeople dailyCeb international invHg researchChina evergrandeSecurities timesCommunist partyHong kong listedUnited first partnersRong yeap

Evergrande avoids default with last-minute bond interest payment

Speculation about a default has been swirling for months, stoking credit-market contagion among other cash-strapped developers.

Hong kongJustin tangWu qiongEric liuHans goettiSunac china holdings ltdChina resources land ltdInternational holdingsHg researchChina evergrande groupUnited firstSunac china holdingsChina resources landHarvest globalReal estate

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