Chinese developer Sunac said to have missed bond coupon payment

Chinese developer Sunac said to have missed bond coupon payment

An advertisement of property developer Sunac China Holdings is seen at a residential complex in Shanghai, China March 25, 2018. REUTERS/Stringe

Some of Sunac China’s bondholders had not received coupon payments from the property developer on a $750 million offshore bond by the close of Asia business on Wednesday when a month-long grace period ends, two people with knowledge of the matter said.