pokerclubnearme| Country Garden suddenly completed interest payment!

SourcePokerclubnearmeE company

Country Garden's every move continues to affect the market nerves. The afternoon of May eleventhPokerclubnearmeCountry Garden Real Estate Group Limited ("country Garden Real Estate") issued a notice in the China Association of Interbank Market Dealers, announcing that the interest payment of the medium-term notes "23 country Garden MTN001" and "23 country Garden MTN002" will be completed within the grace period.

Earlier, at noon on May 9, country Garden Real Estate announced that due to the continuous fluctuations in the industry, the company is facing an increasingly complex and grim business environment, and the company is making every effort to raise funds up to now. Because the sales recovery situation is not up to expectations and the funds are difficult to allocate, the interest payable of "23 country Garden MTN002" of 35.55 million yuan can not be paid on time on the interest payment date of May 9, 2024.

Country Garden Real Estate said that through the efforts of the company and all parties, it actively raised funds to invigorate mortgage assets and tried its best to fully repay the interest payable on the current medium-term notes and the interest during the grace period within 3 working days of the grace period (no later than May 13).

According to the agreement in the prospectus of "23 country Garden MTN002", a grace period of 5 working days is set for default if the principal or interest of the debt financing instrument is not paid in full on schedule. If the issuer makes full repayment of the debt mentioned in this Article within that period, it does not constitute a default of the issuer under the debt financing instrument of the current period. Interest shall be calculated and paid by 30BP according to the coupon rate during the grace period.

According to the latest announcement of country Garden Real Estate, thanks to the efforts of the company and all parties to actively raise funds and invigorate mortgage assets, the company has paid interest payable on the current medium-term notes (3555) on May 11, 2024.Pokerclubnearme) and interest accrued during the grace period (8278)Pokerclubnearme.77 yuan) fully paid to the collection account designated by the Interbank Market Clearing House Co., Ltd., and the Interbank Market Clearing House Co., Ltd. shall complete the distribution of the above interest funds according to the proportion held by the holders of the interest registration date, and pay it to the bank account designated by the bondholder.

In addition, on May 11, 2024, the interest payable on the "23 country Garden MTN001" medium-term note (30.4 million yuan) and the interest payable during the grace period (6829.59 yuan) were fully paid to the collection account designated by the interbank market clearing house Co., Ltd., which will distribute the above interest funds according to the proportion held by the holders of the interest payment registration date. And pay to the bank account designated by the bondholder.

According to the announcement, the issue amount of "23 country Garden MTN001" is 800 million yuan, the starting date is May 9, 2023, the issue period is 2 years, and the interest rate on the debt of the current interest-bearing period is 3.8%. The issue amount of "23 country Garden MTN002" is 900 million yuan, the starting date is May 9, 2023, the issue period is 2 years, and the interest rate of the current interest-bearing period debt is 3.95%.

Country Garden Properties indicated that as of the date of the announcement, the issuer had paid all interest payable (including interest generated during the grace period) of "23 country Garden MTN001" and "23 country Garden MTN002" on time and in full within the grace period. The next interest period begins on May 9, 2024 and the ending date remains unchanged.