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Evergrande faces default deadline on $148 million payment, some bondholders paid-report

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Reuters

By Andrew Galbraith and Clare Jim SHANGHAI/HONG KONG (Reuters) – Cash-strapped China Evergrande Group, facing a deadline for coupon payments on Wednesday, may have made those payments, according to a report by Bloomberg, which said that customers of international clearing firm Clearstream have received overdue payments on three U.S. dollar bonds. Evergrande, the world’s most indebted developer which once epitomised a freewheeling era of borrowing and building, has been stumbling from deadline to deadline in recent weeks as it grapples with more than $300 billion in liabilities, $19 billion of …

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