The world’s most indebted developer may be facing its next big debt test from yesterday, underscoring the broader risks of opaque obligations in credit markets already on edge.
HONG KONG: China Evergrande Group has already fallen behind on payments to banks, suppliers and holders of onshore investment products, and hasn’t given any indication that it paid two recent dollar bond coupons.
The world’s most indebted developer may be facing its next big debt test from yesterday, underscoring the broader risks of opaque obligations in credit markets already on edge.
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