Business > Market

Evergrande has reportedly paid off $83.5 million worth of interest in dollar bonds ahead of deadline to avoid default

1 month ago   |   By Business Insider

Evergrande Center in Shanghai, China.
Feature China/Barcroft Media via Getty Images)
China Evergrande has transferred funds to pay $83.5 million in bond interest payments ahead of a weekend deadline.
It had already missed the payment on Sept. 23, but had a 30-day grace period before it's considered a default.
News of the payment sent Evergrande's dollar bonds up, Bloomberg reported.
Embattled real estate giant China Evergrande has wired $83.5 million to pay the interest on an offshore dollar bond, reported state-owned Securities Times and Reuters news agency. The transfer yesterday came...
Read more ...

 

Evergrande has reportedly paid off $83.5 million worth of interest in dollar bonds ahead of deadline

1 month ago   |   By Business Insider

Evergrande Center in Shanghai, China.
Feature China/Barcroft Media via Getty Images)
China Evergrande has transferred funds to pay $83.5 million in bond interest payments ahead of a weekend deadline.
It had already missed the payment on Sept. 23, but had a 30-day grace period before it's considered a default.
News of the payment sent Evergrande's dollar bonds up, Bloomberg reported.
Embattled real estate giant China Evergrande has wired $83.5 million to pay the interest on an offshore dollar bond, reported state-owned Securities Times. The transfer yesterday came just days ahead of a...
Read more ...

 


Search by Tags

   Market      Markets      MI Exclusive      Evergrande      China      Interest payments      Debt Crisis      Debt      Bond      China Economy      Real Estate      Property  


'Been a tough year': Small Business Saturday gives boost to Bay Area retail...

"The last year and a half has been challenging, traffic was slow. Coming in this morning there was a line out the door, encouraging," said Jeannie Jarnot who owns Beauty Heroes... Read more ...

Small Business Saturday puts spotlight on local stores

Small Business Saturday puts spotlight on local stores

Read more ...

The Revelations: What Prince Andrew Faces As His Old Friend Ghislaine...

Prince Andrew is not on trial, but his old friend Ghislaine Maxwell, ex-girlfriend and alleged Jeffrey Epstein majordomo sure is. Her trial's focus will be narrow, but Andrew's... Read more ...

Australia will introduce legislation requiring social media companies to...

Lincoln Beddoe/iStock/Getty Images Plus Australian PM Scott Morrison announced social media anti-trolling legislation on Sunday. The legislation places the onus of moderating... Read more ...

Business owners banking on big bucks during Small Business Saturday

Business owners banking on big bucks during Small Business Saturday

After another tough year for businesses during the pandemic, small business owners are banking on Small Business Saturday to help their bottom line. Read more ...

How Sacramento business owners are attracting customers for Small Business...

How Sacramento business owners are attracting customers for Small Business Saturday

Small Business Saturday kicks off again this year, and many Sacramento stores are offering holiday deals to attract customers. Read more ...

As Focus Intensifies On Rising U.S, Cricket In China Remains A Work In Progress

Cricket has made great strides in conquering its American dream, but China looms as a far greater obstacle to legitimize the goal of unshackling the sport far beyond its... Read more ...

Small business Saturday in full swing on the Central Coast with supply chain...

Small business Saturday in full swing on the Central Coast with supply chain issues sill impacting

Small Business Saturday was in full swing on the Central Coast over the weekend. After taking a year off due to the pandemic, local businesses opened their doors to customer... Read more ...

Small business Saturday offers more than deals

Small business Saturday offers more than deals

While online shopping becomes ever more popular, Small Business Saturday fosters a sense of community. Read more ...

North Carolina's Furniture Hub Is Booming. What Comes Next?

North Carolina's Furniture Hub Is Booming. What Comes Next?

HICKORY, N.C. - Six months into the coronavirus pandemic, as millions of workers lost their jobs and companies fretted about their economic future, something unexpected... Read more ...