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Evergrande buys itself time

The Chinese real estate group Evergrande, which many had already pronounced dead, is on a roll: On Wednesday, the group serviced a $148 million interest on its dollars bonds, as financial service Bloomberg reports. Although Evergrande failed to meet the initial date months ago, it now paid shortly before the expiry of the contractually agreed deferral period of 30 days. Evergrande already remitted interest of $47.5 million on October 29th, shortly before the expiration of another grace period, and interest of $83.5 million due a week earlier.

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