Greenland HK to Pay Dollar Bond Due June 3; Shimao Unit Proposes Extending ABS by 7 More Months
Greenland Hong Kong plans to repay its 9.625% dollar bond due June 3, according to sources. Bloomberg reports that the repayment plan follows the unit’s repurchase of 12% of the bonds when prices were at a “sizable discount to face value, helping it save money...
Agile’s Dollar Bonds Jump after Loan Repayments
Agile Group’s dollar bonds rose by over three points after reports that it made repayments on two of its outstanding loans. While details of the loans are not available, Bloomberg notes that the repayments have eased the developer’s cash flow mismatch....
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....
