Original Article posted at www.cnbc.com

Chinese property developer Evergrande has not said whether it will fulfil its interest payments on its U.S.-dollar bond – a key milestone investors have been keeping their eyes on.

The interest payment due Thursday amounted to $83 million. It was for a $2 billion dollar-denominated bond that’s due to mature in March 2022. Dollar bonds are typically held by foreign investors.

As of Friday morning during Asia hours, the company had not made any announcement, or any filing to the Hong Kong exchange, leaving investors in limbo. One portfolio manager with a private bank told CNBC that no interest payments for the March 2022 bond had flowed into his clients’ accounts as of the end of Thursday. His clients are mostly wealthy individuals, said the portfolio manager, who has been in Asian fixed income for 15 years. He did not wish to be identified as he’s not authorized to speak to the media.

Yields on this bond have skyrocketed to more than 560%, from just over 10% earlier this year, according to Refinitiv Eikon. Bond yields and prices move in opposite directions.Even if no payment is made on Thursday, the company will not technically default unless it fails to make that payment within 30 days.

The indebted real estate firm has another coupon payment due next Wednesday – a 7-year U.S. dollar-denominated bond maturing in March 2024, according to Refinitiv Eikon data.

For the rest of the year, Evergrande has interest payments due each month in October, November and December.

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