Some Evergrande bondholders received coupon payment for Sept 23 tranche -sources

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Oct 25, 2021

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October 25, 2021

HONG KONG (Reuters) – Some China Evergrande Group bondholders have received coupon payments for a dollar bond tranche that was due Sept. 23 and for which the 30-day grace period ended last Saturday, two people with knowledge of the matter said on Monday.

Evergrande, the world’s most indebted property firm with more than $300 billion in liabilities, had sent $83.5 million to a Citibank trustee account on Thursday, a person with knowledge of the matter told Reuters on Friday.

That fund has now been transferred to at least some of the offshore bondholders, said the people on Monday, declining to be identified as they were not authorised to speak to the media.

An Evergrande spokesperson said the company did not have a comment.

(Reporting by Clare Jim and Andrew Galbraith; Editing by Christopher Cushing)

Source Link Some Evergrande bondholders received coupon payment for Sept 23 tranche -sources

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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.

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