• Reuters Staff
• 10 Oct, 2021

China Evergrande Group, with $305 billion in liabilities, is facing its biggest test yet in public debt markets as the distressed developer scrambles for funds ahead of what could be one of China’s largest restructurings. Bond coupon payments totaling more than $148 million are due on Monday after the company on Sept. 29 failed to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond. It also missed $83.5 million in coupon payments the previous week.
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