"Hungda to pay interest on dollar bonds by the deadline on the 29th… Overpass the default"

It is reported that Hengda, a Chinese real estate company, once again overcame the official default crisis by paying interest on dollar bonds ahead of the expiration of the grace period today (29th).

The New York Times, citing one bondholder, reported that Hungda had paid interest on dollar bonds that expired on the 29th.

Previously, Hengda failed to pay interest on dollar bonds of $ 45.2 million and Korean won of 52.8 billion won to bond holders on the scheduled date on the 29th of last month.