Evergrande escaped from bankruptcy

Chinese real estate developer Evergrande, which has debts that will affect the world economy and is on the verge of bankruptcy, has made its bond payments after an additional 30-day period. Evergrande Group made a bond coupon payment of $148 million to offshore investors. Although the German Market Monitoring Agency announced that Evergrande did not make the bond coupon payment, Bloomberg and the New York Times claimed that the payment was made.

Bloomberg confirmed

Bloomberg's clearing firm, Clearstream, announced that Evergrande has made more than $148 million coupon payments for April 2022, 2023, 2024 bonds and the company has not filed for bankruptcy.

There is another $255 million coupon payment

Evergrande is required to make a coupon payment of more than $255 million on its bonds with a maturity of June 2023 and 2025 on December 28.