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Chinese real estate developer Evergrande has $ 148 million coupon payment due today


China Evergrande Group is due to make coupon payments totaling US $ 148.1 million by Wednesday US time.

The 30 day grace periods end today, November 10, 2021.

Failure to pay would be a default.

Evergrande has made the payments due so far and there is no indication that this one will be missed. If so, it could trigger cross-default clauses among the builder’s $ 19.2 billion of outstanding dollar notes and give creditors more leeway to negotiate.


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