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China Evergrande shares fall after report of missed coupon payment

reuters.com · 12/29/2021 20:43
China Evergrande shares fall after report of missed coupon payment

- Shares of China Evergrande Group EGRNY fell 9% in opening trades in Asia after a report that it did not pay offshore coupons worth $255 million due on Tuesday.

Bloomberg News said the due date passed with no sign of payment by the embattled property developer. The payments have a 30-day grace period.



(Reporting by Clare Jim; editing by Richard Pullin)

((clare.jim@thomsonreuters.com; +852 2912 6653; Reuters Messaging: clare.jim.thomsonreuters.com@reuters.net))