Evergrande has made a key bond payment that keeps it out of default, Chinese state media reports
CNN
Evergrande has made a crucial payment that allows it to stay out of default, at least for now, according to Chinese state media.
State-run financial newspaper Securities Times reported Friday that the embattled property conglomerate had made an $83.5 million interest payment on a dollar-denominated bond that was due last month.
A 30-day grace period for that payment is set to expire on Saturday, but Reuters reported, citing an unidentified source, that Evergrande has wired the funds and bondholders should receive it before that deadline.
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