Markets Await Outcome for Opaque Bond Tied to Evergrande (2)

China Evergrande Group has already fallen behind on payments to banks, suppliers and holders of onshore investment products, and hasn’t given any indication that it paid two recent dollar bond coupons.

Now the world’s most indebted developer may be facing its next big debt test, underscoring the broader risks of opaque obligations in credit markets already on edge. Shares in China Evergrande Group and its property management unit were suspended from trading in Hong Kong Monday with no reason given.

Read more on the halt and a Cailian report that Hopson Development plans to acquire a stake in Evergrande Property ...