Shanghai Insolvent real estate giant China Evergrande will make a bond coupon payment of $ 35.9 million.
China Evergrande Group’s main unit, Hengda Real Estate Group, said in a statement on Wednesday that it would settle the coupon payment for its 5.8 percent September 2025 onshore bond traded in Shenzhen punctually on Thursday, September 23 .
The coupon payment is 232 million yuan ($ 35.88 million), according to Refinitiv. Evergrande will pay its onshore bond on time, but the company has not yet announced whether it will be able to pay the $ 83.5 million interest also due Thursday on its March 2022 offshore bond.