China Evergrande Group dollar notes coupon due Tuesday – no sign of payment

Bloomberg post the info:

  • China Evergrande Group passed another debt deadline with no sign of payment, after coupons came due Tuesday on two dollar notes, both with a 30-day grace period before a default can be declared.

Not a very Merry Christmas for those due $$$. Chinese property firms are facing a severe cash crunch, as we’ve been detailing over past months.

evergrande china

LEAVE A COMMENT

Your email address will not be published. Required fields are marked *