2023-09-12 02:45:32
Biguiyuan, one of China’s leading real estate developers, has received approval from its creditors to extend the repayment terms of six RMB-denominated onshore bonds by three years.Archyde.com reported, citing two anonymous sources.I told you。
According to Archyde.com, as a result of the vote that closed at 10pm Hong Kong time (11am Japan time) on the 11th, extensions to repayment terms for six of the eight loans were approved. Bloomberg News attempted to contact Biguien’s media representative, but so far no comment was received.
After Biguien avoided a last-minute default on its dollar-denominated bonds, its creditors asked its creditors to postpone the principal repayment dates of eight yuan-denominated bonds (totaling 10.8 billion yuan = approximately 217 billion yen) by three years. I was looking for
Voting deadlines for at least two of the eight issues have been extended from the 11th to the evening of the 12th, Bloomberg earlier reported, citing information from bondholders.
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China’s Biguiyuan postpones vote on postponement of redemption of two yuan-denominated bonds – Plan to extend redemption of Biguiyuan’s yuan-denominated bonds on the night of the 12th, creditor vote deadline on the 11th – total 220 billion yen
Original title:Country Garden Gets Approval to Extend Six Bonds, Archyde.com Says*Country Garden Gets Nod to Extend 6 Yuan Bonds by 3 Years: Rtrs(抜粋)
(Updates with additional reporting details)
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