China Evergrande Group’s next bond payment deadline is fast approaching as investors scrutinize the developer for clues on the severity of a cash crunch that’s eroding confidence in other highly indebted peers. The 30-day grace period on Evergrande’s $45.2 million coupon payment that was initially due Sept. 29 is set to end on Friday. The closely-watched deadline comes amid a selloff in Chinese junk bonds that was paced on Thursday by Kaisa Group Holdings Ltd., one of the property sector’s largest issuers of dollar debt. Evergrande surprised some investors last week by paying another overdue coupon at the tail-end of the grace period. The company’s dollar notes remain at distressed levels as creditors brace for an eventual debt restructuring that could rank among the largest ever in China. Authorities in Beijing have urged founder Hui Ka Yan to help repay Evergrande’s obligations with his personal wealth , but his […]