China Evergrande Gets Reprieve on Interest Payments – SCMP

Domestic creditors of China Evergrande group have deferred interest payments on yuan-denominated bonds for six months, SCMP reported.

The developer got an extension on two onshore bonds totalling 20 billion yuan, or $3 billion, due on May 6, to November 6, the report said, citing a Shanghai Stock Exchange filing.

Read the full report: South China Morning Post.

ALSO READ:

China Evergrande Seeks to Rekindle Big Golden Week Sales

China Evergrande’s Hengda Wins Reprieve on Coupon Payment

China Evergrande Has Resumed Work at 95% of Sites, Says Unit

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

You Might also Like

PwC Loses Biggest China Client as Evergrande Probe Bites

China Evergrande EV Units Ordered to Enter Bankruptcy

PwC Slashing China Partners' Pay By 50% Amid Evergrande Fallout

Evergrande Liquidators’ Investors Plea, Resources ‘Limited’