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Evergrande due to pay $148 mln bond coupon on Wednesday Some bondholders not received payment by end of Asia business Shares of developer Fantasia plunge 50% after missing payment Moody's downgrades Kaisa, S&P cuts Shimao to "BB+" from "BBB-" The company has not defaulted on any of its offshore debt obligations. But a 30-day grace period on coupon payments of more than $148 million on its April 2022, 2023 and 2024 bonds ends on Wednesday. Exactly what time the grace period expires on Wednesday is unclear, but the two sources with knowledge of the matter earlier told Reuters that some bondholders had not been paid by the end of the Asian business day. They declined to be named as they were not authorised to speak to the media. Evergrande declined to comment.
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