China Evergrande Keeps Dollar Bondholders Guessing on Key Interest Payment

Global investors who own China Evergrande Group ’s U.S. dollar bonds were in the dark about whether the property giant would make a key interest payment, a major test of the highly indebted developer’s ability to avoid a default.

Evergrande was on the hook to make $83.5 million in coupon payments on Sept. 23 on dollar bonds with a face value of $2.03 billion. As of late afternoon in New York on Thursday, bondholders hadn’t received the money, according to people familiar with the matter.