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Creditors Said to Claim Evergrande on Hook for Bond Due Sunday

Sept. 28, 2021, 9:38 AM

Some holders of a bond issued by a company called Jumbo Fortune Enterprises are forming a committee to press their claims in the event of a default because they maintain China Evergrande Group is a guarantor of the debt, according to people familiar with the plans.

The $260 million note from Jumbo Fortune Enterprises matures Oct. 3, according to data compiled by Bloomberg. The dollar note is guaranteed by China Evergrande Group and its unit Tianji Holding Ltd., people familiar with the matter said, asking not to be identified because the details are private.

Jumbo Fortune is a joint venture ...