China Evergrande paid bondholders interest on a dollar bond due Friday.- It's the real estate giant's second narrow pull away from the brink of default in about a week.
China Evergrande has managed to avoid a default again - making bond interest payments just before a deadline today, reported the $4 and $4, citing bondholders who have been paid.
The real estate behemoth faces a $300 billion
The 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.
Evergrande did not immediately respond to Insider's request for comment.
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 $4 have sought to calm nerves about the
$4 have publicly chided Evergrande, telling it to resolve its debt problems and instructing the country's real estate developers to $4
Bloomberg, citing people familiar with the matter, reported that Beijing has also gone as far as telling Evergrande's billionaire founder, $4, to use his own money to pay the company's debt.