Evergrande Group’s headquarters in Shenzhen. Photo: EPA-EFE
Evergrande Group’s headquarters in Shenzhen. Photo: EPA-EFE

Evergrande staves off default, paying US$83.5 million of overdue offshore bond coupon before 30-day grace period runs out

  • Evergrande wired the payment due on its 8.25 per cent, US$2.03 billion bond maturing in March 2022 to Citibank on Thursday, according to separate reports
  • Evergrande missed the payment on its offshore debt on September 23 and was given 30 days grace until this weekend before being declared in default

Evergrande Group’s headquarters in Shenzhen. Photo: EPA-EFE
Evergrande Group’s headquarters in Shenzhen. Photo: EPA-EFE
READ FULL ARTICLE