Evergrande Said to Pay Delayed Interest on at Least Two Bonds – Bloomberg Law

China Evergrande Group has made at least two overdue bond interest payments, part of its biggest test yet since its debt crisis began.

The company made at least two of three overdue interest payments on its U.S. Dollar-dominated bonds, according to people with knowledge of the matter. Its dollar securities remain at distressed levels as creditors brace for an eventual debt restructuring that could rank among the largest ever in China.

Investors had been waiting to see if the embattled developer would make coupon payments totaling $148.1 million for three dollar bonds before the end of 30-day grace periods Wednesday. …