China Evergrande Onshore Unit Will Pay Yuan Bond Interest on Time

An onshore unit of China Evergrande Group said Wednesday it would make an interest payment on time this week, as investors wait to see if the debt-ridden conglomerate makes a separate payment due on dollar bonds that it is expected to miss.

The unit, Hengda Real Estate Group Co., will pay 232 million yuan, or the equivalent of about $35.9 million, of interest on its 5.80% September 2025 onshore yuan-denominated bond on Thursday, the company said in a stock-exchange filing.

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