China’s Evergrande unit to make $ 35.9 million onshore coupon payment on September 23

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An unfinished residential building is pictured through a construction site door at Evergrande Oasis, a real estate complex developed by Evergrande Group, in Luoyang, China on September 16, 2021. REUTERS / Carlos Garcia Rawlins

SHANGHAI, Sept. 22 (Reuters) – The main unit of the China Evergrande group (3333.HK) said on Wednesday that it would pay bond interest on Sept. 23, offering some relief to global markets plagued by a possible default. Chinese number one payment. 2 real estate developer.

In an exchange case in Shenzhen, Hengda Real Estate Group Co Ltd said the company will make a coupon payment on its 5.8% bond traded in Shenzhen in September 2025 on time Thursday.

The company’s coupon payment is 232 million yuan ($ 35.88 million), according to data from Refinitiv.

Evergrande is also due to pay a coupon of $ 83.53 million on an offshore dollar bond on Thursday. The Shenzhen swap dossier did not mention the offshore bond.

($ 1 = 6.4655 Chinese yuan)

Reporting by Andrew Galbraith and Samuel Shen; Editing by Muralikumar Anantharaman and Jacqueline Wong

Our Standards: Thomson Reuters Trust Principles.

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