Flower Year Holding Group recently announced the updated proposed terms of overseas debt restructuring. According to the restructuring plan, the 1.3 billion US dollars of foreign debt will be directly converted into newly issued ordinary shares from Flower Year; Flower Year will also issue eight batches of new notes, with a maturity date of December 2026 to June 2031. Cash interest rates on notes fell to 4.5% to 6.5% from 5% to 8% previously. (CFA Correspondent Wang Haichun)
花样年控股更新境外债重组条款
Flower Year Holdings Updates Overseas Debt Restructuring Clauses
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