Chinas Evergrande US dollar debt cut off default debt has approached 280 billion

Chinese media reported that Chinese real estate giant Evergrande's Chinese US dollar bonds fell about 50%during the Chinese National Day holiday.This company that is trapped in a financial crisis has reached 278.532 billion yuan (RMB, the same below, about S $ 52.463 billion) as of the end of August this year.

The Finance News Agency reported on Saturday (October 7) that according to the long -term financial data of the third -party platform, the Chinese US dollar debt Everre 10.5 04/11/24 issued by Evergrande, on Friday (10The current price of March 6th was reported to $ 2.312 (about S $ 3.15), down 1.942%.At present, Evergrande's nine Chinese -funded US dollar debt prices are still in circulation transactions, between 2.2 and 2.4 US dollars, down about 50%from September 27.

According to the update announcement issued by Evergrande on September 28, major lawsuits involved in Evergrande Real Estate in the main affiliated company and the failure to pay off the debt matters. As of the end of August this year, the company involved the failure to settle the repayment.The cumulative debt of the due debt was about 278.532 billion yuan; in addition, the company's overdue business tickets cumulatively about 206.777 billion yuan, and the target amount was more than 30 million yuan. The total number of unsuitable cases was 1946, and the total amount of the target target was approximately 449.298 billion yuan.

Evergrande Real Estate issued an announcement on September 27 that after the application of Evergrande Real Estate, all Evergrande Real Estate Duke Corporate Bonds started to suspend trading from the market on March 21, 2022.At present, Evergrande Real Estate still resolves debt risks with the efforts of all parties and safeguards the legitimate rights and interests of creditors in accordance with the law.In order to ensure the disclosure of fair information and protect the interests of investors, all Evergrande Real Estate Diven Corporate Bonds will continue to suspend trading. The specific resumption time is subject to the company's announcement.

According to Wind data, there are currently 13 RMB bonds that still have continued Evergrande Real Estate, involving a amount of 51.363 billion yuan.Two duration of US dollar bonds involved an amount of about 18.648 billion yuan.