China Evergrande's snowballing debt crisis

$CHINA EVERGRANDE GROUP (EGRNF.US)$
China Evergrande Group has supplied funds to pay interest on a dollar bond, a person with direct knowledge of the matter said on Friday, days before a deadline that would have seen the developer plunge into formal default.
Evergrande abandons plans to sell a $2.6 billion stake in the services unit to rival Hopson Development Holdings.

A defaulted private bond guaranteed by Evergrande, Jumbo Fortune Bond, secures a three-month-plus extension, REDD reports.

Evergrande remits funds for a dollar bond coupon that was due Sept. 23 to avoid default before the 30-day grace period expires, a source says.

Many countries haven’t seen the second wave yet form the shutdown. Just wait.