Today news
About the same in other media
China Evergrande will make crucial bond payment to avert looming default – reports
Reading now: 333
The troubled property company China Evergrande Group has come up with the money to pay a $83.5m bond interest payment that it missed in September, according to reports.
The company, which has debts of around $305bn, wired the $83.5m payment and noteholders will receive it before Saturday, China’s state-backed newspaper Securities Times said on Friday, citing relevant channels, according to Bloomberg.
Reuters also reported that Evergrande had deposited funds to a trustee account on Thursday night before the expiration of a 30-day grace period for the payment, citing a source.
Evergrande, which is China’s second-biggest property developer, sparked alarm on global financial markets when it announced in September that it might not be able to pay
Read more on theguardian.comAbout this in other media
Crypto market m-cap hits $3 trillion mark; will the frenzy continue? economictimes.indiatimes.com /3 years ago
Xi says China is ready to work with U.S. on condition of 'mutual respect' cnbc.com /3 years ago
PBoC governor says digital yuan to be more privacy-enhanced than payment apps cointelegraph.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
