Evergrande: + 10% on the Hong Kong Stock Exchange with coupon payment

BEIJING, 11 NOV – Evergrande leaps to the Hong Kong Stock Exchange, at Hk 2.59 (+ 10%), on news related to the payment of a total of 148.1 million dollars of three coupons of three offshore bonds, avoiding once again the default. The second Chinese real estate developer, burdened with 305 billion dollars in debt, would have honored its commitments before the expiration of yesterday’s 30-day grace period beyond which insolvency would be triggered, Bloomberg reported. The interest due had not been paid in September, at the natural due date, triggering the grace period. (HANDLE).


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