Embattled real estate giant China Evergrande has wired $83.5 million to pay the interest on an offshore dollar bond, reported state-ownedThe transfer yesterday came just days ahead of a closely watched deadline this weekend.
The property developer had already missed the Sept. 23 deadline for the interest payment, and had a 30-day grace period before it would be considered a default, according toThis amplified uncertainty in the market over whether the debt-laden real estate developer would be able to meet obligations.
So the Chinese banks issue $1 billion bonds and return $83 million as part of Evergrande interest payment .. for maintaining social stability .. one giant ponzi country !
恒大在周末截止日期前偿还价值8350万美元的美元债券利息
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