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Factbox-China Evergrande’s upcoming bond coupon payments -Breaking

by Mike Robinson

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© Reuters.

SHANGHAI, (Reuters) – China Evergrande Group defied market expectations by supplying money to cover interest on a U.S. Dollar bond prior to the end of a grace period that expired on October 23rd.

Evergrande failed to pay coupon payments of nearly $280,000,000 on its dollar bonds, Sept. 23, Sept. 29, and Oct. 11. These coupons were due within 30-day grace periods.

The offshore and onshore bonds are no longer maturing for the developer, but it is still responsible for coupon payments of almost $340 million on its offshore bonds between Nov. 1, 28 and Dec. 28. This amount includes $195,000,000 in missed payments.

Evergrande’s next payment deadline will be Oct. 29. The 30-day grace period that Evergrande has on Sept. 29 is over.

The following is a listing of U.S. dollars bond coupon payments due dates for Evergrande or its units, from Nov. 1-Dec. 28 according to Refinitiv information:

The Next Next RIC: Maturity Ccy Outstanding

amount coupon coupon

Datum amount

Nov. 6, USD $645 mln Nov. 6, $41.93

2022 2021

Nov. 6, USD $590 mln Nov. 6, $40.56

2023 2021

Jun. 28 USD $1.34 Bln Dec. 28, 50.43

2023 2021

Jun. 28 USD $4.68 per bln Dec. 28.

2025 2021 Mln

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