10-01-2021, 10:39 AM
![[Image: _120749174_gettyimages-1235509531-1.jpg]](https://ichef.bbci.co.uk/news/976/cpsprodpb/B85A/production/_120749174_gettyimages-1235509531-1.jpg)
The hugely indebted Chinese property giant Evergrande has missed interest payments to overseas investors for the second time in a week, reports say.
Evergrande was due to pay foreign bond holders $47.5m (£35m) by Wednesday.
But bondholders told Reuters news agency and Bloomberg that they were yet to receive any payment.
Under agreements with investors, the company has a 30-day grace period before the missed payments officially become a default.
Evergrande has not commented publicly on the issue. Once China's top-selling developer, the company is now facing debts of more than $300bn.
It has been prioritising its liabilities within China, amid concerns of social unrest.
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