China Evergrande unit to make $35.9 million onshore coupon payment on Sept 23

  • 9/22/2021
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SHANGHAI (Reuters) - 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. 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’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)

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