1.2 billion corporate bonds are difficult to pay interest Oceanwide said it is facing phased cash flow problems

Opinion Network News: On January 20, Oceanwide Holdings Co., Ltd. issued an announcement on the 2022 interest payment of "20 Pan Holdings 01".

Previously, on January 23, 2020, Oceanwide Holdings Co., Ltd. issued the "Oceanwide Holdings Co., Ltd. 2020 Public Offering of Corporate Bonds to Qualified Investors (Phase I)", with a total issuance of RMB1.200 billion. The maturity of the bonds is 3 years, with the issuer's redemption option, the option to adjust the coupon rate and the investor buy-back option at the end of the second year.

The coupon rate of the bonds is 7.50%, and the interest is paid once a year, and the interest paid for every 10 "20 Pan Control 01" (face value of 1,000 yuan) is RMB75.00 (including tax). After tax deduction, the actual interest earned by individual and securities investment fund bondholders is RMB60.00 for every 10 pieces, and the actual interest earned by non-resident enterprises (including QFII and RQFII) is RMB75.00 for every 10 pieces.

Oceanwide Holdings said that due to the macroeconomic environment, policy regulation of the real estate industry, and the superposition of multiple rounds of epidemics at home and abroad, the company is currently facing the problem of cash flow matching in stages. The company will take the self-payment method in the future, and combined with the current capital situation, actively communicate with the holders on the repayment of the interest of the current bond, with a view to reaching a solution recognized by the holders as soon as possible.

This article originated from the viewpoint real estate network