Factbox: China Evergrande’s upcoming bond coupon payments


The China Evergrande Centre building sign is seen in Hong Kong, China, September 23, 2021. REUTERS/Tyrone Siu

SHANGHAI, Oct 11 (Reuters) – China Evergrande Group (3333.HK), with $305 billion in liabilities, is facing its biggest test yet in public debt markets as the distressed developer scrambles for funds ahead of what could be one of China’s largest restructurings.

Bond coupon payments totalling more than $148 million are due on Monday, after the company on Sept. 29 failed to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond. It also missed $83.5 million in coupon payments the previous week. read more

While the developer does not have any more onshore or offshore bonds maturing this year, it must still make coupon payments for its offshore bonds totalling $500 million by Dec. 28.

Following is a list of Evergrande’s upcoming coupon payments on its onshore and offshore bonds.

($1 = 6.4369 Chinese yuan)

Reporting by Andrew Galbraith; Editing by Christopher Cushing & Shri Navaratnam

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