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Evergrande Filing on Yuan Bond Interest Leaves Analysts Guessing

Sept. 22, 2021, 10:57 AM

China Evergrande Group injected a fresh dose of uncertainty into financial markets on Wednesday, issuing a vaguely worded statement on a bond interest payment that left analysts grasping for details.

Evergrande’s onshore property unit said in an exchange filing that an interest payment due Sept. 23 on one of its yuan-denominated bonds “has been resolved via negotiations off the clearing house.” While the comment helped trigger knee-jerk gains in some risky assets, Evergrande didn’t specify how much interest would be paid or when.

That fueled speculation among some analysts that the developer struck a deal with local bondholders to postpone ...

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