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融创、龙光拟启动境内债务重组计划

Sunac and Longfor plan to launch domestic debt restructuring plan.

Breakings ·  Sep 11 12:41

There are market rumors that Sunac and logan group are in communication with bondholders, planning to propose a debt restructuring plan in the coming months, which may involve domestic bonds and loans. In response, sources familiar with the matter and individuals close to logan group told reporters that the above-mentioned news is true, currently only involving the restructuring of domestic bonds, and this restructuring does not involve overseas bonds. Sunac is expected to cover the previous domestic bond restructuring plan with the existing plan. Xiaocai Note: In January 2023, Sunac announced a successful overall extension of 16 billion yuan in domestic bonds, with a weighted average extension of 3.51 years. (Caixin reporter Li Jie)

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