Evergrande pays overdue interest on offshore bond: state media

Beijing (AFP) Oct 22, 2021

China's troubled property giant Evergrande has made a key offshore interest payment a day ahead of a weekend deadline, state media said Friday, averting a default and buying the embattled company a reprieve as it struggles under a mountain of debt. The crisis at one of the nation's biggest property developers has hammered investor sentiment, rattled the key real estate market and fuelled fea