China Evergrande Group dollar notes coupon due Tuesday – no sign of payment

Bloomberg post the info:

China Evergrande Group passed another debt deadline with no sign of payment, after coupons came due Tuesday on two dollar notes, both with a 30-day grace period before a default can be declared.

Not a very Merry Christmas for those due $$$. Chinese property firms are facing a severe cash crunch, as we’ve been detailing over past months.

evergrande china

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