R&F Properties Seeks Extension on 10 Dollar bonds worth $5.16bn
Guangzhou R&F Properties is seeking bondholders’ approval via a consent solicitation to seek waivers of existing/potential/events of default on 10 of its dollar bonds via a maturity extension. The bonds in consideration are its 5.75% 2022s, 9.125% 2022s,...
COGARDs Dollar Bonds up 2-3 Points On Planned Yuan Bond; R&F Gets Approval to Delay Local Bond Repayment
Country Garden’s (COGARD) dollar bonds moved 2-3 points higher on news of a planned RMB 500mn ($74mn) onshore yuan bond offering. Besides, Chinese financial platform Cailin reported that Country Garden will issue asset-backed securities (ABS) and asset-backed...
Shimao Proposes Delay in Local Bond Payment; R&F Investors Approve Avoiding Early Bond Redemption
Shimao Group has a proposed for a delay in repayment for an RMB 500mn local bond due on May 22. Bloomberg notes that it is the first time the company has asked for a local bond’s payment extension. Shimao said that the delay does not amount to a default event....
