Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Picture taken September 16, 2021. REUTERS/Carlos Garcia RawlinsInvestors, analysts play down threat of "Lehman moment"NEW YORK/HONG KONG, Sept 22 - China Evergrande Group's
Evergrande is set to make its onshore bond payment on time, but the developer has not indicated whether it will be able to pay $83.5 million in interest due on its March 2022 bond on Thursday. It has another $47.5 million payment due on Sept. 29 for March 2024 notes . Evergrande is so deeply intertwined with China's broader economy - from retail investors to infrastructure-related firms that are a gauge for global commodities demand - that fears over contagion have kept financial markets on tenterhooks.
They know there’s another payment after this one right? And another one after that payment? Welcome to the Hand to Mouth club Evergrande ! Or is it Everstrapped?
Still gonna default on the international debt payments though
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