HomeGeneralChina Evergrande's approaching bond voucher payments By Reuters

China Evergrande’s approaching bond voucher payments By Reuters

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Factbox: China Evergrande's upcoming bond coupon payments © 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

date quantity

Apr. 11, USD $1.45 bln Oct. 11, $6888

20222021 mln

Apr. 11, USD $850 mln Oct. 11, $425

20232021 mln

Apr. 11, USD $700 mln Oct. 11, $3675

20242021 mln

Oct. 19, CNY 2.1 bln Oct. 19, 121.8

2025 yuan 2021 mln yuan

Jan. 30, USD $300 mln Oct. 30, $1425

20222021 mln

Nov. 6, USD $645 mln Nov. 6, $4193

20222021 mln

Nov. 6, USD $590 mln Nov. 6, $4056

20232021 mln

Jun. 28, USD $1.34 bln Dec. 28, $5043

20232021 mln

Jun. 28, USD $4.68 bln Dec. 28, $20477

20252021 mln

($ 1 = 6.4369 )

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