Finace And Stock

Evergrande Bondholders Mull Next Steps in Wake of Missed Payment

Global investors that hold China Evergrande Group ’s dollar bonds are trying to determine what recourse they have after the embattled real estate giant skipped $83.5 million in coupon payments last week, according to lawyers and people familiar with the matter.

The cash-strapped developer has another $45 million bond interest payment due on Wednesday, and investors believe Evergrande is unlikely to come up with the cash given its lack of public communication so far about its international bonds.

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