Evergrande pays bond interest again, averting default amid pressure from Beijing
The real estate behemoth faces a $300 billion debt pile, withThe company owed $45.2 million in bond interest, which was initially due on September 29. Evergrande missed the deadline but had a 30-day grace period before it would be considered a default. It is unclear if the company paid off the total interest amount today.This latest payment comes a week after the company made an $83.5 million bond coupon payment last Friday that was also paid just before a grace period deadline.
Investors worldwide have been roiled by Evergrande's debt woes, fearing contagion across the global economy should the company default. But
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