Advertisement
UK markets close in 8 hours 30 minutes
  • FTSE 100

    7,877.05
    +29.06 (+0.37%)
     
  • FTSE 250

    19,450.67
    0.00 (0.00%)
     
  • AIM

    745.29
    0.00 (0.00%)
     
  • GBP/EUR

    1.1679
    -0.0004 (-0.04%)
     
  • GBP/USD

    1.2435
    -0.0004 (-0.03%)
     
  • Bitcoin GBP

    51,949.52
    +2,781.18 (+5.66%)
     
  • CMC Crypto 200

    1,306.29
    -6.33 (-0.48%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • CRUDE OIL

    83.90
    +1.17 (+1.41%)
     
  • GOLD FUTURES

    2,398.20
    +0.20 (+0.01%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,241.84
    -144.03 (-0.88%)
     
  • DAX

    17,837.40
    +67.38 (+0.38%)
     
  • CAC 40

    8,023.26
    +41.75 (+0.52%)
     

Some Evergrande offshore bondholders not paid by Wednesday deadline Asia time - sources

FILE PHOTO: Evergrande Center in Shanghai

HONG KONG (Reuters) - Some of China Evergrande Group's offshore bondholders had not received interest payment by the close of Asia business hours on Wednesday, three people familiar with the matter told Reuters, missing its second dollar debt obligation this month.

The cash-strapped company was due on Wednesday to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond. It had missed paying $83.5 million in coupon last Thursday.

Evergrande's silence on its offshore payment obligations has left global investors wondering if they will have to swallow large losses when 30-day grace periods end for coupon payments due on Sept. 23 and Sept. 29.

Two of the sources said they have had no information from the company about the payment on Wednesday. The sources could not be named as they were not authorised to speak to the media due to sensitivity of the matter.

ADVERTISEMENT

A spokesperson for Evergrande did not have any immediate comment. Reuters was unable to determine whether Evergrande has told bondholders what it plans to do regarding the coupon payment due on Wednesday.

(Reporting by Andrew Galbraith in Shanghai, Anshuman Daga in Singapore and Tom Arnold in London; Editing by Sumeet Chatterjee and Louise Heavens)