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Evergrande faces payment deadline this week as default risk mounts Updated: 2021-09-27 21:20:15 KST

The Chinese real estate conglomerate Evergrande has another bond interest payment due this Wednesday, having reportedly missed one last week, and that raises more concerns about a potential ripple effect throughout the markets if it defaults or even collapses.
The upcoming payment is worth 47-and-a-half million U.S. dollars.
Multiple reports cite anonymous sources who say Evergrande missed a dollar bond payment last Thursday, though the company hasn't said so.
It's now in a 30-day grace period.
Evergrande has liabilities of around 305 billion dollars, and its collapse could damage not only China's financial system, but hurt investors around the world.
The Chinese authorities are watching the situation closing but have not given a clear sign that they're going to intervene.
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