BONDS
Sunac China likely to issue new dollar bonds in offshore debt restructuring, creditor can apply for debt-to-equity swap – report
Defaulted property developer Sunac China said in its overseas debt restructuring plan that it may issue new US dollar bonds to replace existing ones, and creditors can also apply for debt-to-equity swaps.
Property developer CIFI invited potential bidders for stake in property service unit, eyes overseas debt solution in Q1 next year
Chinese property developer CIFI Holdings said that it had invited potential bidders for its stake in the property management subsidiary CIFI Ever Sunshine Service Group and had started preliminary discussions on the bidding process.Â
