Evergrande moment of truth arrives with bond payment deadlines

Interest payments on two Evergrande notes come due Thursday, a key test of whether the developer will continue meeting obligations to bondholders even as it falls behind on payments to banks, suppliers and holders of onshore investment products.

HONG KONG: China Evergrande Group bondholders are about to find out if the property giant’s liquidity crisis is as dire as it appears.

Interest payments on two Evergrande notes come due Thursday, a key test of whether the developer will continue meeting obligations to bondholders even as it falls behind on payments to banks, suppliers and holders of onshore investment products.