China Evergrande Gains 6-month Extension for Hengda Onshore Coupon Payment
A visitor poses for pictures at Castle Hotel on the man-made Ocean Flower Island, an integrated resort development by China Evergrande Group, in Danzhou, Hainan province, China, on Jan. 7, 2022. Aly Song/Reuters
HONG KONG—China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said its creditors have approved a six-month extension of a 574 million yuan ($88 million) coupon payment for an onshore bond that was due on Wednesday.
It is the latest of several payment extensions for Evergrande’s onshore bonds.
