China Evergrande Onshore Unit Will Pay Bond Interest on Time
An onshore unit of China Evergrande Group said Wednesday it would make an interest payment on time this week, offering the debt-ridden conglomerate some breathing room as it struggles to fix its capital structure and repair its global image.
The unit, Hengda Real Estate Group Co., will pay 232 million yuan, or the equivalent of about $35.9 million, of interest on its 5.80% September 2025 bond on Thursday, the company said in a stock-exchange filing.
