HONG KONG -- China Evergrande Group, the world's most indebted property developer, inched closer to its maiden bond default after it failed to make a coupon payment as scheduled to at least some investors, two people familiar with the matter said.
Evergrande, which is running out of cash and owes funds to staff, contractors, suppliers, banks and buyers of investment products, was due to pay $83 million in interest to holders of an offshore dollar bond on Thursday.
