BREAKING: Evergrande Defaults on the $148 Million Bond Payments
Submitted by Anonymous (not verified) on Wed, 11/10/2021 - 21:04
Coinspeaker
BREAKING: Evergrande Defaults on the $148 Million Bond Payments
Evergrande Group, China’s second largest real estate developer, has defaulted on $148 million worth of bonds after failing to pay it within the 30 day grace period. DMSA is preparing bankruptcy proceedings against Evergrande Group.
Earlier today some bondholders of Evergrande have not received coupon payments by the end of 30-day grace periods at close of Asia business on Wednesday, according to the various sources.
This is a developing story. Will be updated later.
BREAKING: Evergrande Defaults on the $148 Million Bond Payments