HONG KONG—China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said its creditors have approved a six-month extension of a 574 million yuan ($88 million) coupon payment for an onshore bond that was due on Wednesday.
It is the latest of several payment extensions for Evergrande’s onshore bonds.
Struggling with more than $300 billion in liabilities, the giant property developer defaulted on some payments for its offshore bonds last year.
Onshore bondholders of Hengda’s 7 percent 2026 bond have agreed to delay the coupon payment to Oct. 27, Hengda said in a filing late on Tuesday.
Evergrande said last month it would unveil a debt restructuring proposal for its offshore creditors by the end of July.
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