Chinese real estate developer Evergrande paid interest on three dollar-denominated bonds on time, according to media reports, while the heavily indebted group continues to avoid possible bankruptcy.
Investors were waiting to see if the company would reimburse $148 million that had been outstanding since October. The 30-day grace period granted to the group expired on Wednesday.
According to Bloomberg News, the Clearstream company’s customers would have received the payments. Two investors who owned two of the bonds confirmed receipt of the money, the agency added.
Clearstream did not respond to AFP’s requests for information.
On the Hong Kong Stock Exchange, Evergrande shares, greatly undervalued since the beginning of the year, rose 8.4%.
The liquidity problems of one of China’s biggest real estate companies, with debts of more than $300 billion, have left investors and the entire national economy on hold in recent weeks.
The company, however, avoided several defaults throughout the month of October, although analysts warn that the situation remains complicated.
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