Investors calmed – Evergrande plans to pay interest

Struggling real estate giant Evergrande wants to soothe financial markets and has announced a punctual multi-million dollar interest payment. The group’s core company, Hengda Real Estate Group, announced on Wednesday it would make a $35.9 million interest payment due today (Thursday) on time, Reuters reported. Evergrande wanted to send a signal and provide stability. It remains unclear whether this promise also applies to the other bonds, for which another $130 million in interest are due in the coming days.