Business

No Evergrande bondholders have received overdue coupon payments

No holders of two bonds issued by China Evergrande Group’s unit Scenery Journey Ltd had received overdue coupon payments as of 1400 GMT on Tuesday, a source familiar with the situation said.

The embattled property giant was due to make semi-annual coupon payments on Monday worth a combined $82.49 million on its 13% November 2022 and 13.75% November 2023 bonds.