China property developer Evergrande has $148 million in coupons payment due today

China Evergrande Group is due to make coupon payments totalling US$148.1m by Wednesday US time.

The end of the 30-day grace period is today, 10 November 2021. 

Failure to make payment would be a default.   

Evergrande have made payments due so far and there is no indication this one will be missed. If it is though it could trigger cross-default clauses among the builder’s $19.2 billion of outstanding dollar notes and give creditors more room to negotiate.  

China Evergrande Group is due to make coupon payments totalling US$148.1m by Wednesday US time.

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