Brief: DaFa Properties Group Updates On US$360 Mln 12.375% Senior Notes Due 2022

DaFa Properties

02/03/2022 24:43

March 2 (Reuters) - DaFa Properties Group Ltd  6111.HK :
    * UPDATES ON US$360 MILLION 12.375% SENIOR NOTES DUE 2022
    * INTEREST IN AMOUNT OF US$22.3 MILLION UNDER NOTES DUE JULY
2022
BECAME PAYABLE ON 30 JANUARY 2022
    * DID NOT MAKE THE PAYMENT BEFORE EXPIRY OF GRACE PERIOD
    * IS IN PROCESS OF APPOINTING FINANCIAL ADVISER TO ASSIST IT
WITH
A HOLISTIC RESTRUCTURING OF ITS OFFSHORE DEBT

Further company coverage:  6111.HK 

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