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Factbox-China Evergrande’s bond coupon payments through May 2022 -Breaking

by Mike Robinson

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© Reuters.

SHANGHAI (Reuters). Four sources with knowledge told Reuters that coupon payments were not received by some overseas bondholders of China Evergrande Group after a grace period of 30 days on Monday New York.

Failure to pay $82.5m in interest payments due next month could be the first offshore default by the developer on a bond. This would cause cross-defaults of all bonds the company holds in international capital markets, which are estimated at $19 billion.

In the past, last-minute payment has been made by the company for coupons that were not yet expired before grace periods ran out.

The developer in trouble said Monday that it has set up a committee to manage risk, with representatives from the state, who will play an important part in “mitigating or eliminating future risks” for the group.

Although the developer has no onshore and offshore bonds that are due to mature this year, they have $255.2 million of coupon payments that will be due December 28.

Below is a listing of the upcoming U.S. dollar and Hong Kong currency bond coupon payments due dates for Evergrande, its units and their units up to May 2022.

Bond Outstanding Next Next RIC

amount coupon coupon

Datum amount

China: $1.34 billion bln Dec. 28 and $50.43

Evergrande 2021 mln

7.5% June 2023

China, $4.68 Bln Dec. 28, 204.77

Evergrande 2021 mln

6.75% June

2025

China Jan. 22: $1 Bln, $57.5 Mln

Evergrande 2022

11.5% Jan.

2023

China Jan. 22 – $1 Bln, $60 Mln

Evergrande 12% 2022

Jan. 2024

Scenery $2.25 bln Jan. 24, $115. mln

Explore 11.5% of 2022

Oct. 2022

Scenery $120 mln January 24, $2 bln Feb.

Get 12% off your journey in 2022

Oct. 2023

China HK$81 mln Feb. 14 HK$1.72

Evergrande 2022 mln

4.25% Feb.

2023

China $2.025 Bln Mar. 23, $83.53

Evergrande (due at 2022 mln (at

8.25% March maturity (maturity)

2022

China 1 bln mar. 49, $47.5 Mln

Evergrande 2022

March: 9.5%

2024

China: $1.45 billion Apr. 11, $68.88

Evergrande (due at 2022 mln (at

9.5% April maturity) maturity)

2022

China $950 mln Apr. 12, $42.5

Evergrande 10% 2022

April 2023

China 700 Mln Apr. 11, $36.75

Evergrande 2022 mln

April 10,5%

2024

Scenery $41.93 May 6th $645 mln

Travel 13% 2022 Mln

Nov. 2022

Scenery, $590 per mln May 6, 40.56

Travel 13.75% 2022 Mln

Nov. 2023

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