China Evergrande Group made its first interest payment on its corporate bonds in nearly a month on Tuesday as questions continue to swirl about its ability to service its massive pile of debt accumulated from years of aggressive expansion beyond its core property business, according to people familiar with the matter.The company’s onshore real estate unit, Hengda Real Estate Group, previously said late on Friday that it would make a payment due on a 2.1 billion yuan (US$327 million) senior note…
Source : South China Morning Post
Read more…Evergrande: concerns linger even as embattled developer’s Hengda unit makes interest payment on US7 million onshore bond
