Kaisa dismisses restructuring counter proposal

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By Rev Hui
21 Jan 2016

Kaisa Group Holdings has dismissed a counter proposal by a group of bondholders over the potential restructuring of the Chinese property developer’s offshore debt.

The Shenzhen-based firm had released a debt restructuring proposal on January 10, giving offshore bondholders until February 7 to make a decision on whether to support the terms laid out by the company.

Kaisa is seeking to restructure its 6.875% 2016s, 12.875% 2017s, 8.875% 2018s, 9% 2019s, ...

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