China's real estate giant Evergrande Group, which is in trouble due to huge debt, is being paid interest by Chinese media on dollar-denominated corporate bonds whose final deadline is approaching I told you that it is a policy to do.
If implemented, you will be able to avoid defaulting for the time being.
Regarding the management issues of the Evergrande Group in China, the immediate focus is whether interest payments on corporate bonds that are due one after another will be made.
In this regard, several Chinese media, including Communist media, expired on the 22nd and 23rd of last month, and have entered a 30-day grace period since then, with more than $ 83 million, or about $ 9.5 billion in Japanese yen. He said that the company plans to pay interest on denominated corporate bonds.
It is said that the necessary remittance procedures have already been completed on the 21st.
Once the payment is made, you will be able to avoid default = default for the time being.
However, the Evergrande Group has other corporate bonds whose interest payments have expired, and negotiations on the sale of its real estate management company have been unsuccessful, so there is no prospect of a drastic improvement in cash flow.
Chinese officials have recently indicated that the risk of the impact of this management problem spreading to the financial system can be suppressed, but there are still concerns about the impact on the Chinese economy and other factors in the market.Keywords: china evergrande group, real estate giant, interest, bonds, made.in, chinese, debt, media, deadline, interest payments, nhk, difficulty, trouble, policy, focus