Property News · December 2, 2021

Kaisa to meet offshore bondholders over repayment options, including notes that can be swapped with Sing Tao stock


Embattled Chinese developer Kaisa Group Holdings has agreed to meet its offshore bondholders and discuss ways of repaying loans, including selling convertible bonds that can be exchanged for shares of Hong Kong’s Sing Tao News Corporation.The Shenzhen-based developer will meet New Money Consortium, a group of bondholders, after they on Tuesday rejected its appeal to exchange US$400 million in notes due in a week with a new 18-month bond, said people familiar with the matter.The group, which…

Source : South China Morning Post
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