Categories: Markets

Is no news good news? Investors on Embers

Is no news good news? Investors on Embers

While the real estate development group Evergrande achieved payment of its local debt on Thursday, investors remain in limbo.

They have not received information about the payment of offshore coupons of the company in debt of $ 83.5 million, which was due Thursday.

Although there is talk of a possible restructuring of the company’s debt In an imminent deal, with the Chinese government seeking to take control of Evergrande, nothing is officially confirmed, so far.

Additionally, bondholders are eagerly awaiting an update on a $ 47.5 million payment due next week, which also has a 30-day grace period before it can be called a default.

On Thursday, Bloomberg Law had reported that Chinese regulators had asked Evergrande to avoid a short-term default, citing anonymous people familiar with the matter.

Meanwhile, the Wall Street Journal (WSJ) reported that China is asking its local governments to prepare for the possible suspension of payments from Evergrande.