Chinese developer Sunac misses bond repayment

HONG KONG, May 12 (Reuters) – Sunac China 1918.HK did not make an interest payment on a $750 million offshore bond by the time a grace period expired, the company said in a statement on Thursday.

It had been due to pay $29.5 million in interest on the October 2023 bond that was required to be repaid last month.

(Reporting by Scott Murdoch; Editing by Tom Hogue)