Modernland proposes dollar debt restructuring

By Alice Huang
31 Jul 2020

Indonesian property developer Modernland Realty is looking to restructure its two outstanding dollar bonds following missed payments and rating downgrades, and after wrapping up a debt restructuring domestically.

Modernland has hired Borelli Walsh as an independent financial adviser and Milbank as an international legal counsel for its proposed dollar bond restructuring, according to a report from CreditSights. The advisers are reviewing the company’s options and speaking with bondholders.

The company has two outstanding dollar bonds— a ...

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