⚠️ Evergrande’s default seems to be off, but it is inaccurate

The company said it would pay the coupons on September 23.

☝️ Nevertheless, it is too early to relax. We are talking about local bonds denominated in yuan. As for offshore liabilities, nothing is yet known. Evergrande must pay $119.5 million tomorrow, of which only $36 million are domestic liabilities. The day before yesterday, Evergrande already defaulted on payments to two of its creditors.