China's Evergrande missed payments to 2 banks on Monday

Published Sep 21 2021 at 12:39 PM GMT
  • China's Evergrande Group on Monday missed interest payments to at least two of its bank creditors, Bloomberg reported Tuesday, citing people familiar with the matter.
  • Banks had expected the payments to be missed after China's housing ministry warned that the company would be unable to pay on time, the report said, noting it was unclear whether the banks would declare Evergrande in default.
  • Concerns about Evergrande were blamed Monday for a sharp selloff in global equities and other assets perceived as risky.
  • US stock-index futures pointed to a rebound on Tuesday.
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  • Published Sep 21, 2021 12:39 PM GMT