Evergrande Unit Says on Track for Project Delivery, Coupon in Focus
- At least two investors said to receive coupon on dollar bond
- New Energy Vehicle Group shares rose 11.4% in Hong Kong
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Some investors received a coupon payment on a China Evergrande Group dollar bond before a grace period ended Saturday, according to people with knowledge of the matter.
The initial deadline was Sept. 23, which passed with no sign that investors had been paid. At least two holders of the 8.25% dollar note maturing in March 2022 received the payment, the people said, asking not to be identified because the matter is private. Prices of these and other Evergrande notes rose Monday, though they’re still deep in distressed territory.