China Evergrande averts default at last minute again, faces another $366 million interest payment before year-end

2021-11-11 2022-07-25

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Embattled property developer China Evergrande Group narrowly averted default again with a series of last-minute coupon payments on Wednesday, but it's facing another $366 million in coupon payments on its onshore and offshore debt by the end of this year.

The company has 1.97 trillion yuan ($308 billion) in total liabilities, with some 240 billion yuan in borrowings that have to be paid by next June.

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