Property News · November 11, 2021

No respite for Evergrande as it faces US$366 million in interest payments before year-end


China Evergrande Group is facing another US$366 million in interest payments on its onshore and offshore debt – some already overdue – by the end of this year, after narrowly staving off default once again with a series of last-minute coupon payments on Wednesday.It is just a small portion of the cascading amount of debt payments set to come due in the coming months for the world’s most indebted property developer.The Shenzhen-based company has 1.97 trillion yuan (US$308 billion) in total…

Source : South China Morning Post
Read more…No respite for Evergrande as it faces US6 million in interest payments before year-end

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