Some Evergrande Bondholders Yet To Receive Coupons Due Tuesday

Some holders of two China Evergrande Group dollar bonds with coupons due Tuesday said they had yet to receive payment, after the stressed developer failed to meet interest obligations on other offshore debt earlier this month.

Evergrande owes $204.8 million on an 8.75% note and $50.4 million on a 7.5% dollar bond. The company has a 30-day grace period to deliver the payments before a default can be declared, according to a bond issuance document seen by Bloomberg News. The company didn’t immediately respond to a request for comment sent outside of normal business hours.

The investors said they ...