Evergrande 'paying up' ahead of default deadline - reports

clock • 1 min read
Evergrande 'paying up' ahead of default deadline - reports

China state-backed media is reporting that Evergrande has wired its $83.52m overdue offshore bond coupon payment today, just ahead of the end of the 30-day grace period tomorrow. According to Jeffrey Halley, Senior Market Analyst, Asia Pacific, OANDA "given that it is state media, who don't say anything without government approval, I am inclined to believe it. That should give a temporary reprieve to the China financial system contagion fears although I note that Evergrande has another gra...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

More on Property