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Chinese developer Kaisa says has paid coupon due Oct. 16, will pay another Thursday - Metro US

Chinese developer Kaisa says has paid coupon due Oct. 16, will pay another Thursday

FILE PHOTO: A construction site by Chinese property developer Kaisa Group is seen at an area of downtown Shanghai

HONG KONG (Reuters) – Chinese developer Kaisa Group told Reuters on Monday it has paid $39.4 million worth of coupon for a dollar bond due Oct 16.

The company also said it plans to transfer funds for coupon worth $35.85 million due Oct. 22 into bondholders’ account on Thursday.

(Reporting by Clare Jim; Editing by Kim Coghill)

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