"21 Evergrande 01" Bond Extension Approved By More than Half of Creditors

Published: Apr 28, 2023 14:01

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Evergrande Real Estate announced on the 27th that its subsidiary "21 Evergrande 01" held its first bondholder meeting in 2023 recently, and voted to pass the "Proposal on Adjusting the Bond Interest Payment Arrangement of "21 Evergrande 01"". More than half of the bills passed.

So far, the interest payment of the "21 Evergrande 01" bond will be postponed again.

The interest payment time for "21 Evergrande 01" from April 27, 2021 to April 26, 2023 will be adjusted to April 27, 2024 to complete the payment.

According to public information, "21 Evergrande 01" was issued on April 27, 2021, with an issuance scale of 8.2 billion yuan, a coupon rate of 7.00%, and a bond term of 5 years, with the issuer's option to adjust the coupon rate at the end of the third year and investors Put-back option.

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