HONG KONG -- China Evergrande Group has missed a second bond coupon payment in as many weeks, renewing concerns over its ability to repay over $300 billion in liabilities.
Evergrande, the world's most indebted developer, has little cash left and has missed payments to suppliers, banks and retail debtholders too. It was due to pay $46 million in interest to holders of an offshore bond by 11:59 p.m. Wednesday New York time, but two investors said on Thursday that they had neither received payment nor any notice from the company.
