Evergrande Avoids Dollar Bond Default

The firm settles a US$83.5 million coupon payment a day before the grace period ends.

Kate Lin, CAIA 22 October, 2021 | 11:20
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The drama continues in the ongoing saga of the China Evergrande Group (03333) as the markets count the days until (what some experts say is) an inevitable default of two of its offshore bond securities. In the latest twist, the group made it to fund coupon payment to offshore investors just days before the end of the grace period, Reuters reported, citing the state-backed Securities Times in China.

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About Author

Kate Lin, CAIA

Kate Lin, CAIA  is a Data Journalist for Morningstar Asia, and is based in Hong Kong

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