URGENT: China Evergrande vows to make coupon payment on bonds due Thurs.

Politics Economy

The main unit of major Chinese property developer, Evergrande Group, said Wednesday that it will make a coupon payment on bonds due Thursday. The announcement came as fears are growing that Evergrande, which owns a popular soccer club in the country, would go into default anytime soon, with liabilities swelling to 1.97 trillion yuan ($304.6 billion).

Kyodo News

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