Kaisa Group Holdings will meet with its offshore bondholders to discuss how it will repay the loans.
- Possibly by selling convertible bonds which can be exchanged for shares of the Sing Tao News Corporation of Hong Kong
Kaiza is a developer based in Shenzhen. Via the South China Morning Post:
- will meet with New Money Consortium, a group of bondholders, after rejecting its call on Tuesday to swap US $ 400 million in banknotes due within a week for a new 18-month bond, people familiar with the matter said . owns more than 50 percent of the $ 400 million bond, has offered about $ 2 billion in new money to fund Kaisa through seven options, according to a presentation seen in the post.
The turmoil in the Chinese real estate market is far from over.
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