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Chinese language Property Developer Kaisa Proposes $400 Million Debt Swap

Chinese language Property Developer Kaisa Proposes 0 Million Debt Swap

Kaisa Group Holdings Ltd., which in 2015 grew to become one of many first Chinese language builders to default overseas, warned it risked reneging on its worldwide money owed once more until collectors agreed to a $400 million bond swap.

The Shenzhen-based firm is likely one of the sector’s largest offshore debtors after China Evergrande Group , with about $10.9 billion of greenback bonds excellent as of end-June.

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