Evergrande Unit’s Bondholders Yet to Receive Coupon Payments
- Scenery Journey notes interest of $82.5 million was due Nov. 6
- Coupons due on weekend may be paid by end of next business day
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Two holders of dollar notes sold by a unit of China Evergrande Group are yet to receive payment for coupons that were officially due Saturday.
The developer’s Scenery Journey Ltd. unit had two dollar-bond coupons due Nov. 6: $41.9 million on a 13% note and $40.6 million on a 13.75% bond. Coupons that come due on holidays or over weekends may be paid by issuers at the end of the next business day.