© Reuters. SUBMIT PHOTO: The China Evergrande Centre developing indication is seen in Hong Kong, China, September 23,2021 REUTERS/Tyrone Siu
SHANGHAI (Reuters)– China Evergrande Group, with $305 billion in liabilities, is facing its most significant test yet in public financial obligation markets as the distressed designer scrambles for funds ahead of what might be among China’s biggest restructurings.
Bond voucher payments amounting to more than $148 million are due on Monday, after the business on Sept. 29 stopped working to make a $475 million bond interest payment on its 9.5%March 2024 dollar bond. It likewise missed out on $835 million in discount coupon payments the previous week.
While the designer does not have anymore onshore or overseas bonds developing this year, it needs to still make voucher payments for its overseas bonds amounting to $500 million by Dec. 28.
Following is a list of Evergrande’s upcoming discount coupon payments on its onshore and overseas bonds.
Maturity Ccy Outstanding Next RIC
quantity voucher discount coupon
Apr. 11, USD $1.45 bln Oct. 11, $6888
Apr. 11, USD $850 mln Oct. 11, $425
Apr. 11, USD $700 mln Oct. 11, $3675
Oct. 19, CNY 2.1 bln Oct. 19, 121.8
2025 yuan 2021 mln yuan
Jan. 30, USD $300 mln Oct. 30, $1425
Nov. 6, USD $645 mln Nov. 6, $4193
Nov. 6, USD $590 mln Nov. 6, $4056
Jun. 28, USD $1.34 bln Dec. 28, $5043
Jun. 28, USD $4.68 bln Dec. 28, $20477
($ 1 = 6.4369 )
Disclaimer: Fusion Media want to advise you that the information included in this site is not always real-time nor precise. All CFDs (stocks, indexes, futures) and Forex rates are not supplied by exchanges however rather by market makers, therefore rates might not be precise and might vary from the real market value, implying costs are a sign and not suitable for trading functions. Blend Media does n`t bear any obligation for any trading losses you may sustain as an outcome of utilizing this information.
Fusion Media or anybody included with Fusion Media will decline any liability for loss or damage as an outcome of dependence on the details consisting of information, quotes, charts and buy/sell signals consisted of within this site. Please be completely notified concerning the dangers and expenses related to trading the monetary markets, it is among the riskiest financial investment types possible.