Central China Real Estate Ltd.
12/31/2021
|
EBITDA Multiple
|
||||
---|---|---|---|---|---|
(CNY in Millions)
|
Amount
|
US$ Amt.
|
Maturity
|
Rate
|
Book
|
|
|||||
Secured Bank Loans
|
4,910.6
|
755.5
|
|
|
|
Unsecured Bank Loans
|
39.0
|
6.0
|
|
|
|
Secured Other Loans
|
1,407.7
|
216.6
|
|
|
|
Unsecured Other Loans
|
114.1
|
17.6
|
|
|
|
Total Bank and Other Loans
|
6,471.4
|
995.6
|
1.7x
|
||
$260 Million 7.5% Senior Notes Due 2025
|
1,690.0
|
260.0
|
Jul-14-2025
|
7.500%
|
|
$300 Million 7.25% Senior Notes Due 2024
|
1,950.0
|
300.0
|
Aug-13-2024
|
7.250%
|
|
$200 Million 7.25% Senior Notes Due 2024
|
1,300.0
|
200.0
|
Jul-16-2024
|
7.250%
|
|
$300 Million 7.75% Senior Notes Due 2024
|
1,950.0
|
300.0
|
May-24-2024
|
7.750%
|
|
$200 Million 7.9% Senior Notes Due 2023
|
1,300.0
|
200.0
|
Nov-07-2023
|
7.900%
|
|
$400 Million 7.65% Senior Notes Due 2023
|
2,600.0
|
400.0
|
Aug-27-2023
|
7.650%
|
|
$300 Million 7.25% Senior Notes Due 2023
|
1,950.0
|
300.0
|
Apr-24-2023
|
7.250%
|
|
$500 Million 6.875% Senior Notes Due 2022
|
3,250.0
|
500.0
|
Aug-08-2022
|
6.875%
|
|
Total Offshore Bonds
|
15,990.0
|
2,460.0
|
5.9x
|
||
Total Debt
|
22,461.4
|
3,455.6
|
5.9x
|
||
Less: Cash and Equivalents
|
(5,901.6)
|
(907.9)
|
|||
Net Debt
|
16,559.8
|
2,547.7
|
4.4x
|
||
Operating Metrics
|
US$ Amt.
|
||||
LTM Reorg EBITDA
|
3,779.5
|
581.5
|
|||
|
|||||
Liquidity
|
|||||
Plus: Cash and Equivalents
|
5,901.6
|
907.9
|
|||
Total Liquidity
|
5,901.6
|
907.9
|
|||
Credit Metrics
|
|||||
Gross Leverage
|
5.9x
|
||||
Net Leverage
|
4.4x
|
||||
Notes: Source: Company filings, Wind, HKEX, Cbonds US$ Translation: CNY/USD rate used for USD conversion is 6.5. |
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