by Amruth Sundarkumar | May 29, 2023 | China, Distressed / Defaulted Bonds
R&F Properties is said to be trying to capitalize on the positive sentiment in overseas markets where some of its projects are located. The developer is marketing its projects in London, Australia, Malaysia and Cambodia in an effort to take advantage of buoyant...
by Amruth Sundarkumar | Nov 11, 2022 | China, Distressed / Defaulted Bonds
In an update to its debt restructuring, R&F Properties has extended the maturity of eight of its onshore bonds by three years, from the prior four months. This following the developer obtaining consent to extend the maturities on 10 of its dollar bonds with a...
by Amruth Sundarkumar | Sep 22, 2022 | Financial News
China Fortune Land Development’s (CFLD) debt restructuring plan for its offshore bonds has been met with resistance from its creditors. Advisers of an ad-hoc bondholder group of CFLD’s dollar bonds have planned a conference call for all creditors later...
by Amruth Sundarkumar | Sep 6, 2022 | China, Corporates, Distressed / Defaulted Bonds, High Yield Bonds
China Evergrande’s winding-up petition has been pushed to November 7 from the earlier stated September 5, as per the developer’s exchange filing citing the Hong Kong High Court’s announcement. The petition relates to an investor in the company, Top...
by Amruth Sundarkumar | Aug 10, 2022 | China, Corporates, Distressed / Defaulted Bonds
Guangzhou R&F Properties announced its delayed 2021 annual results, reporting a net loss of RMB 16.5bn ($2.4bn) for the year 2021 against a profit of RMB 9.1bn ($1.4bn) for the year 2020. The net loss is mainly attributable to the decrease in revenue from property...
