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:
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