{"id":122515,"date":"2021-10-11T16:00:16","date_gmt":"2021-10-11T09:00:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-developer-modern-land-china-seeks-debt-extension-to-repay-us87-5-million-early\/"},"modified":"2021-10-11T17:03:38","modified_gmt":"2021-10-11T10:03:38","slug":"evergrande-crisis-developer-modern-land-china-seeks-debt-extension-to-repay-us87-5-million-early","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-developer-modern-land-china-seeks-debt-extension-to-repay-us87-5-million-early\/","title":{"rendered":"Evergrande crisis: developer Modern Land (China) seeks debt extension, to repay US$87.5 million early"},"content":{"rendered":"


\nProperty developer Modern Land (China) on Monday asked its debt holders for a three-month extension on a US$250 million bond set to come due later this month to avoid a potential default, as concerns continue to swirl around the embattled China Evergrande Group and the Chinese property sector\u2019s debt levels.The Beijing-based builder said it was seeking bondholder approval to extend the maturity of its 12.85 per cent senior notes from October 25 to January 25 and to repay US$87.5 million of the\u2026
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\nSource : South China Morning Post
\nRead more…Evergrande crisis: developer Modern Land (China) seeks debt extension, to repay US.5 million early<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property developer Modern Land (China) on Monday asked its debt holders for a three-month extension...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122515","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vS3","jetpack-related-posts":[{"id":122720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-developer-modern-land-china-cancels-us250-million-bond-repayment-plan-on-liquidity-issues\/","url_meta":{"origin":122515,"position":0},"title":"Evergrande crisis: developer Modern Land (China) cancels US$250 million bond repayment plan on liquidity issues","date":"October 21, 2021","format":false,"excerpt":"\r China\u2019s property market has taken another turn for the worse as developer Modern Land (China) has cancelled its plan to repay a portion of a US$250 million junk bond and extend it just days before it was set to mature, joining China Evergrande Group and other peers in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-crisis-founder-hui-kayan-vows-to-repay-debt-and-start-new-chapter-on-survival\/","url_meta":{"origin":122515,"position":1},"title":"China Evergrande crisis: founder Hui Kayan vows to repay debt and \u2018start new chapter on survival\u2019","date":"January 3, 2023","format":false,"excerpt":"\r Evergrande founder Hui Kayan has pledged to repay creditors and deliver projects this year in a letter to his employees, saying the company can fulfil its mission if they work together.\r \r Source : South China Morning Post\r Read more...China Evergrande crisis: founder Hui Kayan vows to repay debt\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124038,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-if-last-year-was-bad-for-the-likes-of-evergrande-kaisa-and-fantasia-just-wait-for-2022-as-more-pain-predicted-for-investors\/","url_meta":{"origin":122515,"position":2},"title":"China property crisis: if last year was bad for the likes of Evergrande, Kaisa and Fantasia, just wait for 2022 as more pain predicted for investors","date":"January 1, 2022","format":false,"excerpt":"\r Last year has no doubt been difficult for Chinese developers and the pain could get worse in the new year for companies, homebuyers and investors alike. A liquidity crunch amid slowing home sales are likely to dominate sentiment.China Evergrande, Kaisa Group, Fantasia Holdings and Modern Land (China) all made\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-hits-another-high-on-aggressive-debt-repayment\/","url_meta":{"origin":122515,"position":3},"title":"Evergrande hits another high on aggressive debt repayment","date":"June 6, 2017","format":false,"excerpt":"\r China Evergrande Group shares hit another all-time high on Tuesday as the developer vows to repay all of its perpetual bond by the end of June. Prices once surged by as much as 9 per cent in early trading in Hong Kong to touch HK$17.36, but tapered off at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122806,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-work-resumes-on-10-projects-as-developer-restores-calm-buys-time-to-repay-more-creditors\/","url_meta":{"origin":122515,"position":4},"title":"Evergrande crisis: work resumes on 10 projects as developer restores calm, buys time to repay more creditors","date":"October 25, 2021","format":false,"excerpt":"\r China Evergrande said it has restarted work on more than 10 projects across six mainland cities, trying to portray some semblance of stability in its operations soon after averting a potentially calamitous default on its offshore debt.The developer, saddled with 1.97 trillion yuan (US$305 billion) of liabilities, identified the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122561,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-china-faces-challenging-trade-offs-in-addressing-developers-debt-crisis-imf-says\/","url_meta":{"origin":122515,"position":5},"title":"Evergrande: China faces \u2018challenging trade-offs\u2019 in addressing developer\u2019s debt crisis, IMF says","date":"October 13, 2021","format":false,"excerpt":"\r Beijing is facing \u201cchallenging trade-offs\u201d as it seeks to address the crisis surrounding embattled developer China Evergrande Group and the pressure it is placing on the country\u2019s property sector, according to the International Monetary Fund (IMF).As part of its Global Financial Stability Report released overnight, the IMF said China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122515"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122515"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122515\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}