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Evergrande Dollar Bonds Fall After Suspended Loan Payment Report - Bloomberg

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China Evergrande Group’s dollar bonds are falling to fresh lows, after a report that the firm plans to suspend loan interest payments and Fitch moved to cut its credit rating.   

The developer’s dollar bond due 2025 fell 1.5 cents on the dollar to 24.2 cents, after REDD reported Wednesday that Evergrande plans to suspend interest payments on loans from two banks due Sept. 21. and asked a lender to wait for instructions about an extension plan. 

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Evergrande Dollar Bonds Fall After Suspended Loan Payment Report - Bloomberg
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