Modernland proposes dollar debt restructuring

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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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