The graph might be misleading: Evergrande has a debt spread to YEARS for repayment. Its not a single debt, but a overall total debt.
– Evergrande need to pay 83 millioner dollars on Thursday.
– Evergrande need to pay investors 47.5 million usd by sep. 27.
– if the bonds pay is 5%, then they owe $41 million per DAY just in interest.
– Evergrande need to pay a total of 600 million in 2021. Leaving it 304.4 in debt.
Fyi:
The central graph is 5 pixels tall, the right graph is 3/4 pixels tall. The left graph is about 8,192 pixels tall.
1 billion $ = 1000 * million.
305 billion $ = 305,000 * million.
The two upcoming payments is 132.5 Million USD combined.
That is 1/2,301.8 compared to their debt.
or 0.043%.
h/t isnisse
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