China Singyes gets $198m for debt structuring

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By Addison Gong
02 Dec 2019

Dollar bond defaulter China Singyes Solar Technologies Holdings has won the backing of a Chinese state-owned company, raising funds from its new parent to fund a debt restructuring plan.

Based in the Zhuhai city in Guangdong province, Singyes Solar is in default on a $160m 6.75% 2018 bond and $260m 7.95% 2019 bonds, as well as a Rmb930m ($132m) 5% 2019 convertible bond.

The solar power company announced last Thursday that it has ...

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