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Some Evergrande bondholders not received overdue coupon payments -sources

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Reuters

By Clare Jim and Andrew Galbraith HONG KONG/SHANGHAI (Reuters) -Some offshore bondholders of China Evergrande Group did not receive coupon payments by the end of a 30-day grace period on Monday New York time, four people with knowledge of the matter said. A failure to make $82.5 million in interest payments that had been due last month could represent the developer’s first offshore default on a public bond. Such a default would trigger cross-defaults on all the company’s about $19 billion of bonds in international capital markets and put Evergrande at risk of becoming China’s biggest-ever defa…

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