Property News · December 16, 2021

Kaisa’s desperate offshore bondholders offer to buy US$1 billion worth of its onshore loans in latest bid to rescue embattled developer


The desperate offshore bondholders of embattled Chinese developer Kaisa Group Holdings have offered to buy up to a US$1 billion worth of its onshore non-performing loans in the hope of bailing it out.New Money Consortium, a group of eight institutions holding more than US$2.5 billion worth of Kaisa’s US dollar bonds, has offered the new solution to the cash-strapped developer while waiting for it to disclose more details of its financial position, sources close to the matter told the Post.The…

Source : South China Morning Post
Read more…Kaisa’s desperate offshore bondholders offer to buy US billion worth of its onshore loans in latest bid to rescue embattled developer