by Amruth Sundarkumar | Jun 14, 2021 | China, Distressed / Defaulted Bonds
Distressed Chinese property developer China Fortune Land Development (CFLD) reported that its overdue debt has increased by CNY 6.8bn ($1bn), citing adverse macroeconomic, industry and credit conditions, according to a notice on the Shanghai Clearing House. This...
by bondevalue | Mar 23, 2021 | China, Distressed / Defaulted Bonds
Distressed Chinese real estate developer China Fortune Land Development (CFLD) is said to be seeking a debt maturity extension of at least six months from creditors, as per Bloomberg. The company is expected to come up with a proposal on how it plans to repay its...
