by bondevalue | May 11, 2021 | China, High Yield Bonds
Kaisa Group completed an exchange and tender offer for its $3bn 9.375% bonds due June 2024. $1.58bn in principal, or 51.78% of the outstanding bonds were validly tendered. Up to $500m (maximum acceptance level) of notes validly tendered will be exchanged for new 11.7%...
by bondevalue | Mar 26, 2021 | China
Chinese real estate developers Country Garden, R&F Properties and Kaisa Group have reduced debt as per their latest results. Country Garden cut debt by CNY 43.1bn ($6.6bn) to CNY 326.5bn ($49.9bn) last year, according to its annual results. They reported a net...
