An onshore unit of China Evergrande Group said Wednesday it would make an interest payment on time this week, as investors wait to see if the debt-ridden conglomerate makes a separate payment due on dollar bonds that it is expected to miss.
The unit, Hengda Real Estate Group Co., will pay 232 million yuan, or the equivalent of about $35.9 million, of interest on its 5.80% September 2025 onshore yuan-denominated bond on Thursday, the company said in a stock-exchange filing.
