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Evergrande makes coupon payment ahead of deadline -NYT

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Oct 28 (Reuters) - China Evergrande Group, which faces a final deadline on Friday for a payment that had been due Sept. 29, has made a payment on that bond, the New York Times reported, citing a bondholder.

Evergrande's liquidity crunch against more than $300 billion in liabilities sparked global concern it could trigger systemic risks.

The New York Times reported https://www.nytimes.com/live/2021/10/28/business/news-business-stock-market that the company made an interest payment that had been due on Sept 29, citing a person speaking on condition of anonymity.

The reported payment came after Evergrande narrowly averted a costly default last week by securing $83.5 million for the last-minute payment of interest on a bond, boosting confidence the company may be able to avoid a messy collapse.

Evergrande, once China's top-selling developer, is reeling under more than $300 billion in liabilities, fuelling worries about the impact of its fate on the world's second-largest economy and on global markets.

Evergrande's Friday deadline was for a $47.5 million coupon payment that was due Sept. 29 on its March 2024 bond . (Reporting by Megan Davies; Editing by Stephen Coates)

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