Sunac China gets closer to halving onshore bond debt By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2024
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Source: Investing.com
Debt Restructuring Progress: Sunac China has received backing from holders of seven out of ten bonds, moving towards a restructuring that could reduce its onshore bond debt by over half, totaling 15.4 billion yuan ($2.11 billion).
Voting Deadline Extension: The company extended the voting deadline for the remaining bonds to January 3, after securing approval from the first six bondholders and support for its largest bond with an outstanding amount of 2.9 billion yuan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
