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State-backed developer China South City averts default on July 2024 bond with consent from creditors, fails to restructure four other bonds

China South City Holdings averted a default on an offshore debt after winning consent from creditors on deadline day, a narrow escape for the state-backed developer struggling with a liquidity squeeze after months of sliding home sales. It failed to restructure four other bonds. Bondholders agreed to extend the maturity of its US$235 million July 2024 note by 37 months to August 2027, as well as lower the annual coupon by half to 4.5 per cent, according to a statement issued by its information a
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Source: yahoo.com

Lamda Development S A : Announcement regarding business developments / Completion of liquidation of the investment in R Energy 1 Holding -December 19, 2023 at 10:36 am EST

Announcement regarding business developments Completion of liquidation of the investment in R Energy 1 Holding Maroussi, 19 December 2023 ...
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