According to reports from Chinese media, Cailianshe, China Evergrande Group has paid its outstanding bond coupons to some of their bondholders.
Earlier, Evergrande was sidelined by the problem of bond coupons and outstanding debts, which worried many investors about the future direction of the Chinese real estate company.
The report said several bondholders of the real estate company had received interest payments on 3 parts of the bonds with total interest payments of $ 148 million dated last month.
Evergrande became the developer with the largest amount of debt in the world after passing a deadline for the past few weeks as it struggled with more than $ 300 billion in liabilities of which $ 19 billion was international market bonds.
Failure to pay the arrears will result in the company reaching default and trigger cross-default provisions for other Evergrande dollar bonds which will exacerbate the debt crisis that has hit the country with the world's second-strongest economy.
But until now Evergrande still could not be contacted for further comment.
Meanwhile, market attention is also focused on Kaisa Group which also has a payment coupon of $ 59 million with the final date on Thursday and Friday. Kaisa has the most offshore debt among Chinese developers after Evergrande.
