| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

Bond Market News

$1.3bn in Bond Payments Due by Chinese Developers in December

November 29, 2021

Chinese developers have about $1.3bn in bond payments due across dollar and yuan denominated bonds in December. This follows November’s $2bn in payments that saw no defaults during the month. The focus is on Evergrande and Kaisa that currently are sitting on a combined $170.9mn in coupons due as their dollar bonds entered a 30-day grace period ending in mid-December. Prominent bond payments due in December are:

  • Week 1 (Dec 1- Dec 5): Kaisa, Ronshine, Yango and Agile have $198mn in bond payments due
  • Week 2 (Dec 6 – Dec 12): Evergrande’s Scenery Journey, Kaisa, Ronshine and Yango have $598.4mn in payments due. This includes a $400mn Kaisa bond maturity on December 7.
  • Week 3 (Dec 13 – Dec 19): Ronshine has $15.1mn in coupons due
  • Week 4 (Dec 20 – Dec 26): China Aoyuan and China South City have $34.1mn in coupons due
  • Week 5 (Dec 27 – Dec 31): Evergrande, Xinyuan and Kaisa have $414.1mn in coupons due

Developers maturities-2

For the full story, click here

Related Posts:
Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960
© Copyright BondbloX 2024, All Rights Reserved.