https://youtu.be/N1H4aEeAKqc
SINGAPORE/HONG KONG (Reuters) – Some of China Evergrande Group’s offshore bondholders have not received interest payment by a Thursday deadline U.S. time, two people familiar with the matter said, as worries about the fate of the property developer mount.A deadline for paying $83.5 million in bond interest ended on Thursday without remark from Evergrande, whose mountain of debt has spooked world markets. The firm now enters a 30-day grace period and it will default if that passes without payment. The sources could not be named as they were not authorised to speak to the media. A spokesperson for Evergrande did not immediately respond to a request for comment. Reuters was unable to determine whether Evergrande has told bondholders what it plans to do regarding the coupon payment due on Thursday.
China Evergrande shares slide 6% in early trade
HONG KONG (Reuters) – Shares of cash-strapped China Evergrande fell as much as 6% in early trade on Friday, paring gains of nearly 18% the previous day as time ticked by on an interest payment deadline for the country’s most indebted developer. Nick Note: This is a process. Of course they took the 30 day grace period. Its right our of Goldman and Black Rocks play book…..