China Evergrande Group faces another key bond payment deadline on Saturday, part of more than $2 billion coming due at the nation’s stressed developers this month.
Evergrande unit Scenery Journey Ltd. has $82.5 million in coupons on two dollar bonds coming due on Nov. 6. Last week, Evergrande’s bondholders received an overdue interest payment shortly before the expiry of a grace period, buying more time for the debt-stricken property developer to raise cash from asset sales.
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November 01, 2021 at 08:25AM
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Developer Faces Another Bond Payment Deadline: Evergrande Update - Bloomberg
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