Chinese real estate giant Evergrande is strangled by an abysmal debt of around 260 billion euros.
He has struggled for several months to honor his interest payments and his apartment deliveries.
On November 6, the group should have paid a repayment on interest in the amount of 82.5 million dollars (73.1 million euros).
But he had an additional month's grace period that ended on Tuesday.
"No announcement has been made by [Evergrande] or its creditors regarding a repayment," the rating agency Fitch said Thursday, assuming that the group has "therefore not paid".
This is the first payment default for Evergrande which, despite several missed deadlines in September, had hitherto always managed to reimburse its creditors at the last minute.
Chinese promoter Kaisa, 27th in terms of turnover but one of the most indebted in China, also "defaulted" on a repayment, according to Fitch.
Kaisa should have paid a repayment of $ 400 million (353 million euros) owed on loan interest on Tuesday.
The group had warned last week that it risked finding itself in default of payment.
Kaisa, which has 17,000 employees, was in 2015 the first Chinese real estate group to be the subject of a default on dollar bonds.
© 2021 AFP