Investors in unknown territory as Evergrande payment deadline passes

clock • 6 min read
Investors in unknown territory as Evergrande payment deadline passes

Investors were in unknown territory after troubled property business Evergrande missed a deadline for a $83.5m interest payment due yesterday (23 September).  There has not yet been any statement from Evergrande or any indication of bondholders being paid, according to widespread media reports.  Evergrande is now in uncharted waters and enters a 30-day grace period. It will default if that passes without payment. Earlier in the week, the company said it had struck a deal over another...

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