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Kaisa Said Unlikely to Pay Coupons Wednesday, Thursday

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Kaisa Group Holdings Ltd., the Chinese developer tied to a graft probe that’s trying to restructure its debt, will likely miss deadlines Wednesday and Thursday on bond coupons, a person familiar with the matter said.

Kaisa likely won’t pay the $16.1 million of interest due by the end of Wednesday on its $250 million of 2017 notes, according to the person who asked not to be identified because the details are private. The bonds have dropped to 55.8 cents on the dollar from as high as 114.5 cents in July. It will also likely miss a Thursday deadline for a $35.5 million payment on $800 million of securities due 2018, the person said.