Evergrande defaults on the $148.13M bond payments. DMSA to file on its bankruptcy proceedings
Evergrande Group, China’s second largest real estate developer, has defaulted on $148 million worth of bonds after failing to pay it within the 30 day grace period. DMSA is preparing bankruptcy proceedings against Evergrande Group.
Earlier today some bondholders of Evergrande have not received coupon payments by the end of 30-day grace periods at close of Asia business on Wednesday, according to the various sources.
This is a developing story. Will be updated later.
Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.
