面临清盘风险的中国恒大集团，星期三（On March 22), three overseas debt restructuring plans were announced in the evening, including the issuance of new bonds for original bonds.
Comprehensive Securities Times, Surging News, etc., Evergrande issued an announcement on Wednesday evening that Evergrande and the overseas creditors group have signed the main terms of the reorganization plan, that is, Evergrande will issue new bonds to replace the original bonds to replace the bonds.New bonds are 4 to 12 years, annual interest rates are 2%to 7.5%, and interest payments are not paid in the first three years.
It is reported that the signing of the main terms of Evergrande's overseas debt reorganization means that the reorganization of overseas debt may be successful.If Evergrande's overseas debt was successfully reorganized, the risk of liquidation of the Hong Kong courts was lifted.
Evergrande said that the aforementioned debt restructuring will alleviate the pressure on overseas debt repayment to a certain extent, and provide conditions for the company to resume the operation of domestic issues.Structure to achieve smooth operation.
According to the latest overseas debt restructuring plan, Evergrande Bills, Jingcheng and Tianji three groups of overseas debt claims provide Evergrande Property, 30%of Evergrande's equity, and China Evergrande and so on.The loan provided by Evergrande Motors is converted into new shares for pledge of issuing stocks.At the same time, a total of 7.3 billion US dollars (below, S $ 9.7 billion) will be issued by the main debt -issued Scenicine and Tianji, all of which are used for reorganization.
According to the latest reorganization plan, the two debt issuance and heavenly foundation of Evergrande issued a new exhibition bill with a total value of US $ 6.5 billion and $ 800 million, respectively, ranging from 4 to eight years.Used for this reorganization.
According to the Evergrande Agreement, there are three options for debt rights, namely, the creditors can get new bills at a transition ratio of 1 to 1, and the period is 10 to 12 years; the creditors can get the five to nine years of the five to nine years.The new bills, and five strokes are linked by the stocks of Evergrande Property and Evergrande Automobile. Evergrande pointed out that the group and other parties provided loans to Evergrande's loans to US $ 2.704 billion.) The price exchange is converted to the pledge of shares for this reorganization; the two -combined plan can be selected.
Evergrande predicts that according to the data estimation of about 80 % of the domestic debt, if the group's reorganization is unsuccessful and is forced to liquidate, the estimated recycling of unparalleled creditors abroad is expected to be only about 9.728 billion yuan., S $ 18.8 billion); the estimated recovery rate of each creditors is about 2%.
China Evergrande has been suspended from March 21 last year for a year.In this regard, Evergrande said that as of the announcement of the announcement, there was no recovery condition to be met, and the company will continue to work hard to meet the reciprocity conditions as soon as possible under actual situation. At present, the company is still in the preparation.In May, the annual performance report of 2021 and 2022 can be released.
For the progress of domestic debt, Evergrande said that since 2022, the exhibition period of the principal or interest of the nine domestic corporate bonds has been completed.53.5 billion yuan, interest of 3.703 billion yuan.
At the same time, the debt in Evergrande's domestic debt is large. On December 31, 2022, the amount of interest liabilities overdue reached about 208.4 billion yuan, and the overdue amount of domestic commercial acceptance bills reached about 326.3 billion yuanIn the territory, the amount of debt overdue reached about 157.3 billion yuan, and some domestic creditors took legal actions against the group.
Evergrande disclosed that as of March 22, the number of targets of more than 100 million yuan was over 789 cases, and the total amount of the target was about 331.3 billion yuan.43 pieces, the total amount of the target is about 32.2 billion yuan.
Evergrande also disclosed the latest situation of the new energy vehicle business in the announcement. Among them, Hengchi 5 was officially mass -produced on September 16, 2022.Start delivery. As of the announcement date, Evergrande New Energy Vehicle has delivered more than 900 units.
However, due to the tight mobile funds, in order to maintain basic business operations, Evergrande New Energy Vehicle has taken measures to cut costs, such as cutting the number of employees. As of March 2023, Evergrande New Energy has a total of 2795 2795Compared with the number of employees on June 30, 2022, famous employees have decreased.Evergrande analysis is that in the absence of new liquidity injection, Evergrande New Energy Vehicle will face the risk of production suspension.
