{"id":129947,"date":"2021-06-24T05:51:03","date_gmt":"2021-06-24T05:51:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=129947"},"modified":"2021-06-24T05:51:03","modified_gmt":"2021-06-24T05:51:03","slug":"china-evergrande-arranges-funds-of-1-75-billion-to-repay-offshore-bonds","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/china-evergrande-arranges-funds-of-1-75-billion-to-repay-offshore-bonds\/","title":{"rendered":"China Evergrande arranges funds of $1.75 billion to repay offshore bonds"},"content":{"rendered":"<figcaption>A company logo of China Evergrande is displayed at the entrance to China Evergrande Centre in Hong Kong, China March 26, 2018.      REUTERS\/Bobby Yip\/Files<\/figcaption><p>HONG KONG (Reuters) &#8211; China\u2019s most indebted property developer said it had arranged its own funds of HK$13.6 billion ($1.75 billion) to repay bonds due on Monday, as well as to pay interest on all other dollar bonds.<\/p>\n<p>The funds are to be remitted into the bond repayment account, the company said on Thursday, adding that it has no further bonds due before next March, whether onshore or off.<\/p>\n<p>On Monday, Reuters reported that Evergrande had planned to repay its $1.5 billion offshore bond maturing on June 28 this week, ahead of schedule.<\/p>\n<p>Some of the bonds of Evergrande and its subsidiaries have been sold off in recent weeks, as investor concerns have grown over its ability to make timely payments.<\/p>\n<p>Shares of Hong Kong-listed Evergrande rose 1.15% in Thursday\u2019s morning session, versus a gain of 0.1% gain in the benchmark. It had plunged 18% in the past month to its lowest since March 2020.<\/p>\n<p>($1=7.7647 Hong Kong dollars)<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/china-evergrande-debt-offshore\/china-evergrande-arranges-funds-of-1-75-bln-to-repay-offshore-bonds-idUSL2N2O608E\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A company logo of China Evergrande is<\/p>\n","protected":false},"author":3,"featured_media":129946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Evergrande arranges funds of $1.75 billion to repay offshore bonds - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/china-evergrande-arranges-funds-of-1-75-billion-to-repay-offshore-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Evergrande arranges funds of $1.75 billion to repay offshore bonds - 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