Evergrande pays interest on US dollar bonds

The heavily indebted Chinese real estate company Evergrande has apparently once again made room for itself with another interest payment on US dollar bonds.

Customers of the custody and payment processing company Clearstream had received coupon payments for three such bonds, a Clearstream spokesman for the Bloomberg news agency said on Thursday. In addition, two investors have confirmed that they have received the money, Bloomberg said without naming any names.

Most recently, the real estate company transferred payments due more or less at the last minute. With a debt of around $ 300 billion, Evergrande is one of the world’s most heavily indebted real estate companies. If the group goes bankrupt, experts fear another shock wave in the construction sector or even a global financial crisis. However, the Chinese government had recently taken steps to take some pressure off the country’s numerous highly indebted real estate companies.

In addition, Chinese authorities are urging Evergrande founder and driver Hui Ka Yan to stick with his personal assets and contribute to debt reduction, as the Bloomberg news agency reported at the end of October, citing informed sources.

/ mis / stk


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