Factbox: Chinese developers that missed or are set to miss offshore bond payments since Sept

Modern Land (China)

22/10/2021 07:24

HONG KONG, Oct 22 (Reuters) - China Evergrande Group
 3333.HK  has supplied funds to pay interest on a U.S. dollar
bond, a person with direct knowledge of the matter told Reuters
on Friday, days before a deadline that would have seen the
developer plunge into formal default. urn:newsml:reuters.com:*:nL1N2RI04U
    News of the remittance will likely bring relief to investors
and regulators worried about the wider fallout in global markets
from a default.  urn:newsml:reuters.com:*:nL1N2RI04U
    Below is a list of major Chinese developers that have
missed, or set to miss, offshore bond payments since September,
as contagion fears in the $5 trillion sector hit firms with
weaker credit and low liquidity.  
    
 Issuer         Coupon/ principal   Amount           RIC
                maturity date                        
 Evergrande     Sept. 29            $47.5 million    
 Fantasia       Oct. 4              $205.7 million   
  1777.HK                                            
 Evergrande     Oct. 11             Aggregate of     
                                    coupon           
                                                         
 China          Oct. 15             $225.6 million   
  1838.HK                                            
 Xinyuan Real   Oct. 15 (exchanged  $207.7 million   
  XIN.N         2023 worth $205.4                    
                million and $19.1                    
                million cash)                        
 Sinic          Oct. 18             $246 million     
  2103.HK                                            
 Modern Land    Oct. 25 (expected   $250 million     
                company cancelled                    
                a request to                         
                postpone maturity                    
                deadline)                            
 Oceanwide      Oct. 31 (triggered  $210.2 million   
  000046.SZ     claim on Hong                        
                Kong-listed unit                     
                 0715.HK )                           
 
 (Reporting by Clare Jim; Editing by Sumeet Chatterjee and Sam
Holmes)
 ((clare.jim@thomsonreuters.com; +852 2912 6653; Reuters
Messaging: clare.jim.thomsonreuters.com@reuters.net))