A housing complex in Beijing developed by China Evergrande Group, on October 21, 2021. Photo: AFP
A housing complex in Beijing developed by China Evergrande Group, on October 21, 2021. Photo: AFP

Evergrande staves off second default in a week by paying US$45.2 million in overdue coupon before grace period runs out

  • Evergrande paid US$45.2 million of coupon due on its 9.5 per cent, US$951 million bond that matures on March 29, 2024, according to sources
  • Evergrande missed the payment on September 29, and was given 30 days to comply before bondholders are entitled to declare it in default

Topic |   Evergrande crisis
A housing complex in Beijing developed by China Evergrande Group, on October 21, 2021. Photo: AFP
A housing complex in Beijing developed by China Evergrande Group, on October 21, 2021. Photo: AFP
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