China's real estate giant Evergrande Group, which is in trouble due to huge debt, announced on the 22nd and 23rd that it will pay some of the interest payments on corporate bonds that are due.
The Evergrande Group, which is the second largest in the Chinese real estate industry, is suffering from financial difficulties due to the huge debt of 33 trillion yen in Japanese yen, which has caused a global stock price depreciation. There are concerns about the impact on financial markets.
Under these circumstances, the Evergrande Group announced that it will pay more than 200 million yuan denominated in RMB and about 3.9 billion yen in Japanese yen out of interest payments on corporate bonds due on the 22nd and 23rd.
As the company's cash flow became more difficult, the immediate focus was on the ability to pay interest on corporate bonds.
On the other hand, according to market participants, there are other interest payment deadlines for dollar-denominated corporate bonds on the 23rd, and a large amount of corporate bonds are due for interest payments one after another toward the end of the year, so future cash flow remains unclear. The situation.