Evergrande unit to make $35.9M onshore coupon payment on Sept 23
In a Shenzhen exchange filing, Hengda Real Estate Group Co Ltd said the company would make a coupon payment on Thursday
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SHANGHAI - China Evergrande Group's main unit said on Wednesday that it would make a bond interest payment on Sept. 23, offering some relief to global markets on edge over a possible default by China's No. 2 property developer.
BEIJING UNLIKELY TO SAVE EVERGRANDE, REPORT SAYS
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.
Police officers look at people gathering at the Evergrande headquarters in Shenzhen, southeastern China on September 16, 2021, as the Chinese property giant said it is facing "unprecedented difficulties" but denied rumours that it is about to go unde
The company's coupon payment totals 232 million yuan ($35.88 million), according to Refinitiv data.
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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)