China Evergrande unit will make onshore bond coupon payments on Sept 23
China Evergrande Group's
(3333.HK) main unit said on Wednesday that it would make a bond interest
payment on Sept. 23 after private negotiations with bondholders, as global
investors worry over a possible default by China's No. 2 property developer.
In a Shenzhen exchange filing, Hengda Real Estate Group Co
Ltd said the company would make a coupon payment on its Shenzhen-traded 5.8%
September 2025 bond on time on Thursday.
The company did not detail its plan for interest payments, saying
only that the bond "has already been resolved through private
negotiations."
The company's coupon payment totals 232 million yuan ($35.88
million), according to Refinitiv data.
Evergrande is
also due to make an $83.53 million coupon payment on an offshore dollar bond on
Thursday. The Shenzhen exchange filing did not mention the offshore bond.
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