Evergrande Avoids Default With Last-Minute Bond Payment

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Bloomberg Markets and Finance published this video item, entitled “Evergrande Avoids Default With Last-Minute Bond Payment” – below is their description.

China Evergrande Group avoids default by paying a bond coupon before the weekend’s deadline. According to Bloomberg sources, the firm has wired the $83.5 million payment and bondholders will receive funds by tomorrow. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Europe.” (Source: Bloomberg)

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