Evergrande makes bond coupon payment of $ 35.9 million and calms market

Evergrande headquarters in Hong Kong

The good news brings some relief to the markets.

(Photo: Reuters)

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.

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