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

Topic |   Banking & finance
Evergrande Group’s headquarters in Shenzhen. Photo: EPA-EFE
Evergrande Group’s headquarters in Shenzhen. Photo: EPA-EFE
READ FULL ARTICLE