China debt crunch

Evergrande averts default with belated bond interest payment

Chinese developer still under pressure as next deadline looms on Oct. 29

NARAYANAN SOMASUNDARAM, Nikkei Asia regional finance editor
October 22, 2021 11:33 JST
Updated on October 22, 2021 19:39 JST

HONG KONG -- Embattled China Evergrande Group is set to avert its first bond default after remitting $83.5 million to settle a coupon payment it missed last month.

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