by Amruth Sundarkumar | Nov 21, 2022 | China, Distressed / Defaulted Bonds
Kaisa Group is said to have delayed talks with offshore creditors on the terms of its debt restructuring, as per Reuters reports. The talks were expected to begin in October and may not start until 1H 2023. LL Tam, the adviser at Kaisa is said to have taken over...
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 20, 2022 | China, Corporates, Distressed / Defaulted Bonds
An offshore bondholder group of distressed Kaisa Group is offering up to $2bn to takeover some non-performing loans (NPLs) from Kaisa’s lenders and thus provide the required financing to complete stalled residential projects, as per sources. The NPLs are tied to...
by Amruth Sundarkumar | Jul 27, 2022 | China, Corporates, Distressed / Defaulted Bonds
Chinese property developer Kaisa Group has made progress on its onshore restructuring and entered into agreements with certain onshore financial institutions to extend the term of some of its existing borrowings as per an exchange filing. Details of the extension have...
by Amruth Sundarkumar | Jul 6, 2022 | Distressed / Defaulted Bonds
Kaisa Group, which was in default after missing the principal payment on its $400bn bond on December 7, 2021 has come to a debt restructuring agreement with Citic Bank, according to Caixin Global. As part of the arrangement, Kaisa has transferred equity in several...
