Two Sunac Bondholders Yet To Get Interest: Evergrande Update
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Two holders of Sunac Holdings China Ltd.’s 2023 dollar bond due 2023 with interest due Tuesday said they had yet to receive it as of 3pm Wednesday, a week after the Chinese developer failed to meet the initial deadline on another offshore coupon payment.
The amount due Tuesday was $26.85 million, according to data compiled by Bloomberg. Meanwhile, Chinese banks kept lending rates including the reference rate for mortgages steady for a third month.