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.