China's real estate giant Evergrande Group, which is in trouble due to huge debt, has reported that the company has paid interest on dollar-denominated corporate bonds whose final deadline is approaching. I did.
With regard to the Evergrande Group, which is in financial difficulty, the focus is on being able to handle interest payments on corporate bonds that are due one after another in a difficult cash flow.
Regarding this, Bloomberg in the United States and the economic media in China have passed the deadline on the 11th of last month and have entered a grace period of 30 days after that, totaling 148 million dollars, more than 16 billion yen in Japanese yen. He said the company paid interest on dollar-denominated corporate bonds.
As the financial markets continue to be wary of default = default, the difficult situation continues to survive interest payments just before the deadline.
It is reported that the Evergrande Group sold a part of its electric vehicle-related business and also sold the jet aircraft owned by the group, and it seems that it is raising funds by various means.
In the future, as the redemption date of the principal of corporate bonds is approaching, the future of management remains uncertain, and the management difficulties of other real estate companies in China continue to be reported, and concerns over the turmoil in the real estate market have subsided. not.