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

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, February 17, 2015. REUTERS/Carlos Barria

HONG KONG : Chinese developer Kaisa Group told Reuters on Monday it has paid US$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 US$35.85 million due Oct. 22 into bondholders' account on Thursday.

(Reporting by Clare Jim; Editing by Kim Coghill)

Source: Reuters

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