Troubled issuer Tewoo appoints debt manager

By Addison Gong
11 Nov 2019

State-owned Chinese bond issuer Tewoo Group Co has picked firms to manage $1.25bn of its offshore debt as maturities loom, and is eyeing a potential exchange offer.

The debt-laden commodities trader has appointed Tianjin State-owned Capital Investment and Management Co (TSCI) to manage its offshore debt through “a series of debt management measures”, according to a Friday evening filing on the Singapore Exchange.

These may include a potential exchange offer, added the filing. China ...

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