Guorui finds lifeline ahead of bond put
Chinese developer Guorui Properties is on track to redeem a puttable dollar bond later this month after pricing a new $295m transaction, bringing an end to debt refinancing woes that have lasting for months.
“The time left for refinancing is running out for China-based developer Guorui Properties,” S&P Global ratings, which rates the company at CCC, wrote in a report at the start of the month.At the time, Guorui had just completed the issuance of a $160m offshore bond ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com