Evergrande has reportedly made good on another payment, averting default once again
CNN
For the second time this month, China's most indebted developer Evergrande has reportedly managed to avoid default at the last minute.
The debt-stricken firm paid interest on a dollar-denominated bond that was due in late September, just as a 30-day grace period expired, according to the New York Times and Bloomberg. Each publication cited unnamed sources.
CNN Business could not independently verify that the payment had been made, and Evergrande did not immediately respond to a request fro comment. The interest due was worth $47.5 million for a bond that expires in March 2024, according to data from Eikon Refinitiv.
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