Several financiers of the highly indebted Chinese real estate giant Evergrande have recently continued to wait for an interest payment after a grace period has expired.
Two holders of US dollar bonds from Evergrande subsidiary Scenery Journey said they had not received any payment by Tuesday at 0:30 a.m. New York time (6:30 a.m. Central European time), the Bloomberg news agency reported in the morning.
Payment default is feared.
The $ 41.9 million and $ 41.6 million interest on the two bonds were actually due on November 6th.
A grace period of one month had expired on this Monday.
According to Bloomberg, the two bondholders did not want to be named by name.
Evergrande initially did not respond to a request for comment.
Evergrande himself had warned of possible payment difficulties late on Friday evening.
After a budget review, no guarantee can be given that the group will have sufficient funds to meet its financial commitments, it said in a release.
According to insiders, Evergrande plans to include all of its foreign dollar bonds in the restructuring of its loan burdens, Bloomberg reported on Monday.
The price of the already badly shaken Evergrande share had then fallen to a record low in Hong Kong.
The share rose slightly again on Tuesday after China's central bank announced a reduction in the minimum reserve ratio for banks on Monday after the stock market closed.
This gives them more leeway for lending after a large amount of liquidity demand could not be met recently.
Evergrande has been in a deep crisis for months and is considered the world's most heavily indebted real estate company.
The total debt is put at around 300 billion US dollars (266 billion euros).
According to Bloomberg, Evergrande's foreign bonds add up to $ 19.2 billion, plus $ 8.4 billion in domestic debt.
In the event of bankruptcy, experts fear further shock waves in the construction sector or even a global financial crisis.
However, the Chinese government has recently taken steps to take some pressure off the country's highly indebted real estate companies.Keywords: