This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Chinese property develop CIFI Holdings announced via an exchange filing on Friday that they have made “significant progress” in “formulat[ing] a holistic solution to its current offshore liquidity situation.” Among the preliminary terms announced are:
The terms are subject to change, pending discussions with creditors and its financial advisers. CIFI’s dollar bonds are trading at distressed levels of ~25 cents on the dollar.
For more details, click here