Bondholders Back China Developer Kaisa’s Offshore Debt Rejig

Quick Summary:

Shenzhen developer has been seeking to restructure its $12bn offshore debt since late 2021; bondholders will swap debt for notes and shares in the company, it said

The post Bondholders Back China Developer Kaisa’s Offshore Debt Rejig appeared first on Asia Financial.

The restructuring plan also covers other debts including loans and yuan-denominated asset-backed securities.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: World ESG Regions Real Estate Market Insights Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 11:37:29 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 22177812

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About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

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News Last Updated: 11 hours ago

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Publisher ID: #86

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