The USD260m payment due from Evergrande-related firm still not paid

Jumbo Fortune were scheduled to make payment on October 3 although a 5day period was allowed for any administrative or technical issues.  Jumbo Fortune Enterprises is guaranteed by Evergrande. Still not paid.  'Default' and 'contagion' alarm bells sounding.  Awaiting further info on this.  Invest in yourself. See our forex education hub.

The USD260m payment due from Evergrande-related firm still not paid

Jumbo Fortune were scheduled to make payment on October 3 although a 5day period was allowed for any administrative or technical issues.

 Jumbo Fortune Enterprises is guaranteed by Evergrande. Still not paid. 

'Default' and 'contagion' alarm bells sounding. 

Awaiting further info on this. 


Invest in yourself. See our forex education hub.