"Modern Land (China) Co Ltd" Archives

Modern Land (China) Calls off Consent Solicitation

by Amruth Sundarkumar | Oct 21, 2021 | China, Distressed / Defaulted Bonds

Modern Land (China) called off its consent solicitation to extend the maturity on its 12.85% bonds due October 25 in an exchange filing. The developer stated that it “continues to experience liquidity issues” and determined that calling off the consent...

Modern Land Downgraded to Caa2 by Moody’s

by Amruth Sundarkumar | Oct 12, 2021 | China, Credit Ratings, Distressed / Defaulted Bonds

Modern Land (China) was downgraded by Moody’s to Caa2 from B2 and its senior unsecured ratings to Caa3 from B3. All the ratings are on review for further downgrade. The downgrade comes on the back of Modern Land’s consent solicitation to defer the...

Modern Land’s Bonds Collapse; Seeks to extend 12.85% 2021s, Major Shareholder Loan on Track

by Amruth Sundarkumar | Oct 11, 2021 | China, Distressed / Defaulted Bonds

Modern Land China’s dollar bonds collapsed, losing over half its value with its 9.8% 2023s, 11.8% 2022s and 12.85% 2021s falling to 32.5, 32.1 and 47 cents on the dollar respectively. Modern Land in an exchange filing sought consent to extend the maturity date...

Modern Land (China) Calls off Consent Solicitation

Modern Land Downgraded to Caa2 by Moody’s

Modern Land’s Bonds Collapse; Seeks to extend 12.85% 2021s, Major Shareholder Loan on Track

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Advanced Theory & Practice of Bonds

IBF Recognized Under FTS 1-2 December 2021

Modern Land (China) Calls off Consent Solicitation

Modern Land Downgraded to Caa2 by Moody’s

Modern Land’s Bonds Collapse; Seeks to extend 12.85% 2021s, Major Shareholder Loan on Track

Recent Posts

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IBF Recognized Under FTS
1-2 December 2021