Investors continue to worry about lack of communication and potential losses
Evergrande missed paying again the interest payments on the bond, according to the two bondholders.
This is the second time a real estate developer has missed offshore debt in seven days.
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However, the company paid partially to some of its land investors.
The company, facing debt pressure of more than $300 million, was owed to pay $47.5 million in interest on bonds.
The total amount of debt is the same as 2% of China’s GDP. This is because concerns have potential impacts on the fallout and its potential impact.
Investors are concerned about the lack of communication as Evergrande faces the possibility that he will have to suffer a major loss.
“We’ve been working hard to get into the world,” said Alexander Aitken, partner at Herbert Smith Freehills. In Hong Kong.
“Of course, there is also a structural subordinate from offshore, meaning that lenders to Evergrande’s land subsidiaries are paid before lenders to the parent company or the offshore debt issuer.”
