by Amruth Sundarkumar | Jun 7, 2021 | China, Distressed / Defaulted Bonds
HNA Group’s creditors have sought an overall CNY 1.2tn ($187bn) of debt claims against the company as per sources. HNA Group’s reorganization administrators have recognized ~CNY 406bn ($63.4bn) of debt claims so far, as per attendees of the firm’s first creditors...
by bondevalue | May 19, 2021 | China, Distressed / Defaulted Bonds
HNA’s 2021s saw a massive drop of 35 cents to trade at 21 cents on the dollar. The reason for the drop is unclear but HNA’s bonds had been trading at near distressed levels since a $10bn embezzlement came to light with creditors seeking restructuring. A few weeks...
by bondevalue | May 3, 2021 | China, High Yield Bonds
Chinese conglomerate Fosun Group and a unit of JD.com are among the potential suitors that are mulling an investment in distressed HNA Group, as per people familiar with the matter. Further, Ping An Insurance Group Co., Juneyao Airlines Co. and Air China Ltd. are also...
by bondevalue | Mar 25, 2021 | China, High Yield Bonds
Troubled HNA Group said last week that it is looking for investors for its airline and related entities as part of its restructuring. The group, known for its flagship unit Hainan Airlines, received court approval to merge 321 related companies into a single company...
