SHANGHAI, Oct 29 (Reuters) - China Evergrande Group has narrowly averted a default for the second time in a week, paying interest on a U.S. dollar bond before the expiration of a 30-day grace period on Oct. 29. 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. It made an $83.5 million payment last week, just ahead of the final deadline for its Sept. 23 coupon. 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. Evergrande also faces a hard deadline on Nov. 10 for more than $148 million in coupon payments that had been due on Oct. 11. Its unit Scenery Journey has coupon payments totalling more than $82 million due Nov. 6, though the bonds" terms grant a 30-day grace period on such payments. 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: Bond Outstanding Next Next RIC amount coupon coupon date amount Scenery $645 mln Nov. 6, $41.93 Journey 13% 2021 mln Nov. 2022 Scenery $590 mln Nov. 6, $40.56 Journey 13.75% 2021 mln Nov. 2023 China $1.34 bln Dec. 28, $50.43 Evergrande 2021 mln 7.5% June 2023 China $4.68 bln Dec. 28, $204.77 Evergrande 2021 mln 8.75% June 2025 China $1 bln Jan. 22, $57.5 mln Evergrande 2022 11.5% Jan. 2023 China $1 bln Jan. 22, $60 mln Evergrande 12% 2022 Jan. 2024 Scenery $2 bln Jan. 24, $115 mln Journey 11.5% 2022 Oct. 2022 Scenery $2 bln Jan. 24, $120 mln Journey 12% 2022 Oct. 2023 China HK$81 mln Feb. 14, HK$1.72 Evergrande 2022 mln 4.25% Feb. 2023 China $2.025 bln Mar. 23, $83.53 Evergrande 2022 mln (at 8.25% March maturity) 2022 China $1 bln Mar. 29, $47.5 mln Evergrande 2022 9.5% March 2024 China $1.45 bln Apr. 11, $68.88 Evergrande 2022 mln (at 9.5% April maturity) 2022 China $850 mln Apr. 11, $42.5 mln Evergrande 10% 2022 April 2023 China $700 mln Apr. 11, $36.75 Evergrande 2022 mln 10.5% April 2024 (Reporting by Andrew Galbraith; Editing by Christopher Cushing)
مشاركة :