Evergrande dodge defaults again but sector debt worries remain

Cash-strapped developer China Evergrande Group averted a volatile last-minute default for the third time in last month, after a source said Thursday that several bondholders had received overdue coupon payments. Evergrande, the world’s most indebted developer, has been stumbling from deadline to deadline in recent weeks as it grapples with more than $300 billion in … Read more

China Evergrande bondholders receive overdue bond coupon payments: report

HONG KONG: Several bondholders in China Evergrande Group have received coupon payments from a debt-ridden property developer, a source with knowledge of the matter said on Thursday, allaying concerns about a potentially volatile default. Chinese media outlet Cailianshe previously reported that several bondholders have received interest payments in three bond tranches, which totaled more than … Read more

Investors await Evergrande’s $148 million overdue payment as debt crisis escalates

SHANGHAI/HONGKONG: Cash-strapped China Evergrande Group faced a deadline for making offshore bond payments on Wednesday, while a credit rating downgrade at another property firm added to growing concerns about a liquidity squeeze in the sector. Evergrande, the world’s most indebted developer, has been stumbling from deadline to deadline in recent weeks as it grapples with … Read more

Some investors haven’t received bond interest of Evergrande unit as on Nov 6: Report

HONG KONG/SHANGHAI: Some holders of offshore bonds issued by a unit of developer China Evergrande Group in Asia had not received interest payments due on November 6 as of Monday morning, two people familiar with the matter said. Scenery Journeys Ltd. was due on Saturday to make semi-annual coupon payments of a combined $82.49 million … Read more