China

Factbox: China Evergrande's bond coupon payments through April 2022

1 minute read
1/2

A man walks past a No Entry traffic sign near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song

SHANGHAI, Oct 22 (Reuters) - China Evergrande Group (3333.HK) on Friday confounded market expectations that it would formally default this weekend, supplying funds to pay interest on a U.S. dollar bond before the expiration of a 30-day grace period on Oct. 23. read more

Evergrande missed coupon payments totalling nearly $280 million on its dollar bonds on Sept. 23, Sept. 29 and Oct. 11, beginning 30-day grace periods for each.

While the developer does not have any more onshore or offshore bonds maturing this year, it still faces coupon payments on its offshore bonds totalling nearly $340 million between Nov. 1 and Dec. 28, on top of $195 million in outstanding missed payments.

Evergrande's next payment deadline is Oct. 29 with the expiration of the 30-day grace period on its Sept. 29 coupon.

Following is a list of upcoming U.S. and Hong Kong dollar bond coupon payment due dates for Evergrande and its units from Nov. 1 through April 2022:

Register now for FREE unlimited access to reuters.com
Reporting by Andrew Galbraith; Editing by Sam Holmes, Kirsten Donovan

Our Standards: The Thomson Reuters Trust Principles.

More from Reuters