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China debt crunch

China Evergrande faces triple deadline for bond interest payments

Almost $150 million due Monday as creditors count down to formal default

HONG KONG -- China Evergrande Group faces more bond interest due dates on Monday as a formal default nears and creditors begin to join forces to try to reclaim their money from the embattled property developer.

Evergrande will need to pay three semiannual offshore bond coupons totaling $148.1 million by midnight New York time, according to data compiled by Refinitiv. The developer -- the world's most indebted, with more than $300 billion in liabilities -- missed two earlier offshore bond payments totaling $129 million in late September and has a further $573 million coming due before the end of the year.

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