Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

China Evergrande unit will make onshore bond coupon payments on Sept 23

Stock MarketsSep 22, 2021 02:36AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: An unfinished residential building is pictured through a construction site gate at Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. REUTERS/Carlos Garcia Rawlins

SHANGHAI (Reuters) -China Evergrande Group's main unit said on Wednesday that it would make a bond interest payment on Sept. 23 after private negotiations with bondholders, as global investors worry over a possible default by China's No. 2 property developer.

In a Shenzhen exchange filing, Hengda Real Estate Group Co Ltd said the company would make a coupon payment on its Shenzhen-traded 5.8% September 2025 bond on time on Thursday.

The company did not detail its plan for interest payments, saying only that the bond "has already been resolved through private negotiations."

The company's coupon payment totals 232 million yuan ($35.88 million), according to Refinitiv data.

Evergrande is also due to make an $83.53 million coupon payment on an offshore dollar bond on Thursday. The Shenzhen exchange filing did not mention the offshore bond.

($1 = 6.4655 Chinese yuan)

China Evergrande unit will make onshore bond coupon payments on Sept 23
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (5)
Peter Chung
Peter Chung Sep 22, 2021 2:18AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
They already missed 2 payments. How will they pay this back?
Daniel Hodel
Daniel Hodel Sep 22, 2021 1:11AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I just hope the ICBC payed their rent in Trump Tower NY. How does a person claim “America First”, when he works with for foreign countries?
Daniel Hodel
Daniel Hodel Sep 22, 2021 1:11AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wow! The downvotes are going strong! After you send Trump your money, go to the 20th floor in trump tower & thank the Chinese for keeping him afloat.
Pat Mathieu
Pat Mathieu Sep 22, 2021 1:11AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Trump takes money from Chinese companies, that's good. Don't be such a racist.
CMat CMat
CMat CMat Sep 22, 2021 12:59AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The offshore investors will get rekt
perplexed76 .
perplexed76 . Sep 22, 2021 12:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
chinese risk gamblers trying to buy time
Juan Manuel Colmenares Maldonado
Juan Manuel Colmenares Maldonado Sep 22, 2021 12:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Do you think the Evergrande case is solved?
John Smit
John Smit Sep 22, 2021 12:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Nothing to see here.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email