FILE PHOTO: Cranes stand at a construction site near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song
October 12, 2021
HONG KONG (Reuters) – Cash-strapped China Evergrande Group missed its third round of bond coupon payments in three weeks, as the one-time top-selling property developer in China wrestles with more than $300 billion in liabilities.
Below is a list of Chinese developers that have missed, or are set to miss, offshore bond payments since September, as contagion fears in the $5 trillion sector hit firms with weaker credits and low liquidity.
Issuer Coupon/ principal Amount RIC
Evergrande Sept. 23 $83.5 million [VG1580431
Evergrande Sept. 29 $47.5 million [VG1587867
Fantasia Oct. 4 $205.7 million [VG1498418
Evergrande Oct. 11 Aggregate of [VG1982036
$148 million 96=][VG198
Sinic Oct. 18 $246 million [VG2240047
Modern Land Oct. 25 $250 million [KY1986632
(requesting to principal 71=]
postpone date to
(Reporting by Clare Jim; Editing by Sumeet Chatterjee & Shri Navaratnam)