China's debtor Evergrande has agreed to pay 3.5 3.58 million in interest
BEIJING: Evergrande, China's largest realty company, has indicated its readiness to pay interest on bonds. Notably, the bankrupt giant realty company feared that it would default on interest payments on bonds, fearing that the world was once again heading for a catastrophic recession like Lehman Brothers. However, before the Evergrand situation becomes uncontrollable and hurts the global economy, including China, Xi Jinping's government has poured liquidity into the system and given the company some financial support, the company has shown readiness to pay interest on September 9. Evergrande, China's largest realty company facing financial crisis, has said it will pay interest on the bonds on September 6. World markets have found general relief following the report. Evergrande's default was expected to have a huge adverse effect on the global financial system. EverGrand is to make this payment on dollar bonds. This amount of dollar bond interest payment is estimated