The Korea Herald

Evergrande averts default with $110m bond payment

By ABC NEWS (Australia)

Published : Oct. 22, 2021 - 16:58

    • Link copied


State media in China is reporting the property development giant, Evergrande, has made a crucial interest payment staving off a looming default on its debts. Evergrande has transferred $110 million to bondholders just one day before a deadline but it doesn't mean the Chinese giant is out of trouble.