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China debt crunch

China Evergrande dodges default again with interest payment

Two investors say they got coupon payment late Thursday, a day ahead of deadline

An Evergrande sign is seen at an unfinished theme park in Evergrande Cultural Tourism City in China's Jiangsu Province on Oct. 22.   © Reuters
NARAYANAN SOMASUNDARAM, Nikkei Asia regional finance editor | China

HONG KONG -- China Evergrande Group has averted yet another default at the last minute after it remitted overdue interest payments on a bond within the grace period, two investors said.

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