China Evergrande shares rise, as it faces bond interest payment

  • 9/29/2021
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Shares of embattled China Evergrande (3333.HK) rose around 2% on Wednesday ahead of a deadline for an interest payment to offshore bondholders that gives the property developer its next test in public markets. Evergrande missed a bond interest payment last week and has another coupon payment of $47.5 million due on Wednesday. Shares of the company rose in early trade to HK$2.71. Reporting By Anne Marie Roantree; Editing by Muralikumar Anantharaman Our Standards: The Thomson Reuters Trust Principles.

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