Debt of nearly 2 trillion yuan, before Evergrande debt was exposed, no one knew that Evergrande could actually owe so much money, and after Evergrande's debt was exposed, many people also wondered how Evergrande had done to debt nearly 2 trillion yuan, and where did the 2 trillion yuan go.
Many people may not know what the concept of 2 trillion is? For a simple example, if you spend 100 million a day, the annual consumption expenditure is 36.5 billion, and it takes nearly 55 years to spend 2 trillion yuan, not to mention individuals, even domestic companies rarely spend more than 36.5 billion a year, and the time can last for 55 years, so Evergrande can do debt of nearly 2 trillion, which is also a very admirable thing.
How Evergrande has achieved debt of nearly 2 trillion yuan, the central bank has also given the answer, mainly due to its own poor management and blind expansion. Evergrande was originally only a real estate enterprise, but in recent years, through continuous expansion, it now has eight major industries such as Evergrande Real Estate, Evergrande New Energy Vehicles, Evergrande Property, Hengteng Network, Caravan Treasure, Evergrande Children's World, Evergrande Health, and Evergrande Ice Spring.
And every industry is basically invested in huge funds, from scratch, take Evergrande Automobile as an example, in order to build a car, Evergrande spent nearly 50 billion yuan before and after the investment in Evergrande automobile, so under blind expansion, Evergrande debt was nearly 2 trillion yuan.
The news that Evergrande has debts of nearly 2 trillion yuan has been exposed, and the most worried people are actually Evergrande's creditors, who are worried that Evergrande will fall, so the money invested will be lost. According to the data, Evergrande's creditors are not only numerous but also miscellaneous, including buyers, banks, trusts, suppliers, bond investors, financial investors and so on.
Because the creditors involved are too much, so who to repay the money first has become a problem, and after Evergrande considered the impact, it chose to put the "guarantee and delivery of the building" in the first place, and decided to take the lead in repaying the house owed to the buyer first.
Of course, for other creditors' money Evergrande did not let go, but gradually returned, for example, for Evergrande wealth redemption problem, after Evergrande's debts were exposed, Evergrande also introduced a redemption plan, but because the redemption plan many investors think it is unfair, so at the end of last year Evergrande introduced a second set of redemption plans, each investor can redeem 8,000 yuan per month.
For the redemption of Evergrande bonds, Evergrande has also held creditor meetings many times, and has also obtained the understanding of creditors, for the redemption of mature bonds, most creditors have agreed to delay payment for half a year, giving Evergrande half a year more time. For example, in January this year, in response to the interest payment of "20 Evergrande 01", many creditors agreed that the redemption date and interest payment date could be postponed for half a year, and postponed to July 8, 2022 before redemption and interest payment, which also gave Evergrande a breathing space.
According to the announcement issued by Evergrande, regarding "20 Evergrande 02", the issuer has the right to decide whether to adjust the coupon rate and adjustment range for 1 year after the existence of the current bond at the end of the second year of the existence period, and Evergrande issued an announcement that the coupon rate of "20 Evergrande 02" will not be adjusted and give investors the implementation measures for resale.
The coupon rate of the first 2 years of the current bond is 5.90%, and at the end of the second year of the current bond, Evergrande chose not to adjust the coupon rate of the current bond, that is, the coupon rate of the 1 year after the existence of the current bond is 5.90%. The record period for the resale is from April 25 to April 29 (trading days), and the redemption date for part of the resale of the bonds is May 26. The resale can be revoked, and the revocation period is from April 26 to May 20 (trading days)
Since Evergrande's debts were exposed, Evergrande did not choose to escape, but had the courage to assume its due obligations and responsibilities, but now Evergrande is in trouble, and it is unrealistic to want to solve these problems immediately, so as a creditor of Evergrande, the money that wants to invest is not adrift, and the only thing that can be done now is to give Evergrande a little more time and slowly repay these debts.