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China's Kaisa fails to get bondholders nod for extending maturity

Chinese property developer Kaisa Group Holdings Ltd said on Friday it failed to secure the minimum 95% approval it needed from offshore bondholders to extend the maturity of a $400 million note due next week, raising the risk of a default.
Sameer Manekar Rosalba Obrien Sumeet Chatterjee Sam Holmes Shri Navaratnam Thomson Reuters Trust Principles China Kaisa Group Holdings Ltd

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China's Kaisa fails to get bondholders nod for extending maturity

Chinese property developer Kaisa Group Holdings Ltd said on Friday it failed to secure the minimum 95% approval it needed from offshore bondholders to extend the maturity of a $400 million note due next week, raising the risk of a default.
Sameer Manekar Rosalba Obrien Sumeet Chatterjee Sam Holmes Shri Navaratnam Thomson Reuters Trust Principles China Kaisa Group Holdings Ltd

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