Property News · January 3, 2024

Distressed Chinese developer CIFI offers up new proposal hoping to slash US$7 billion offshore debt by half


Embattled CIFI Holdings put forward a revamped proposal that offers creditors maturity extensions with different haircut levels or partial equitisation.

Source : South China Morning Post
Read more…Distressed Chinese developer CIFI offers up new proposal hoping to slash US billion offshore debt by half