Chinese property developer Kaisa announces offshore debt restructuring agreement
20/08/2024 01:25
Aug 20 (Reuters) - China's Kaisa Group 1638.HK said on
Tuesday it had entered an offshore debt restructuring agreement
with a group of creditors.
As part of the restructuring, Kaisa will issue U.S.
dollar-denominated senior bonds as well as mandatory convertible
bonds with maturities ranging from 2027 up to 2032.
(Reporting by Sameer Manekar in Bengaluru; Editing by
Subhranshu Sahu)
((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))
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