Chinese developer Kaisa says has paid coupon due Oct. 16, will pay another Thursday

A construction site by Chinese property developer Kaisa Group is seen at an area of downtown Shanghai
A construction site by Chinese property developer Kaisa Group is seen at an area of downtown Shanghai, February 17, 2015. REUTERS/Carlos Barria

HONG KONG, Oct 18 (Reuters) - Chinese developer Kaisa Group (1638.HK) told Reuters on Monday it has paid $39.4 million worth of coupon for a dollar bond due Oct 16.

The company also said it plans to transfer funds for coupon worth $35.85 million due Oct. 22 into bondholders' account on Thursday.

Reporting by Clare Jim; Editing by Kim Coghill

Our Standards: The Thomson Reuters Trust Principles.

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