Two holders of a China Evergrande Group dollar bond with a coupon due Wednesday said they hadn’t received payment as of 5 p.m. Hong Kong time.
Evergrande owes $45.2 million in interest on the note due 2024, according to data compiled by Bloomberg. There’s a 30-day grace period before any default could be declared. The bondholders asked not to be identified because the matter is private.
The world’s most indebted developer gave no signs last week of having met a separate $83.5 million coupon payment on other dollar securities. Fitch Ratings cut the developer’s credit ratings even further into junk Wednesday