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Kaisa bondholders seek advice as Moody's forecasts losses

Outlook for offshore bond investors expected to be grim as onshore creditors have significant call on assets

Singapore

KAISA Group Holdings' bondholders are seeking restructuring and legal advice after a missed coupon payment pushed the Chinese developer closer to a default. Moody's Investors Service has predicted "substantial losses".

Moelis & Co is in talks with several of the Kaisa