Evergrande, facing coupon payment deadline, sells bank stake to repay loan


This file photo taken on September 15, 2021, shows signage on the China Evergrande Centre in Hong Kong.

HONG KONG: Cash-strapped China Evergrande Group left its offshore bondholders guessing whether it would pay interest on a bond coupon due Wednesday despite agreeing to settle debt with a Chinese bank in a $1.5 billion stake divestment deal.

With liabilities of $305 billion, Evergrande has sparked concerns its woes could spread through China's financial system and reverberate around the world - a worry that has eased with the Chinese central bank vowing to protect homebuyer interest.

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China Evergrande , bond , debt

   

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