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Bondholder debt recast plan not viable, says Kaisa
Published Thu, Jan 21, 2016 · 09:50 PM
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Hong Kong
CHINESE property developer Kaisa Group said on Thursday a debt restructuring plan proposed last week by bondholders including Farallon Capital and BFAM Partners was "not commercially viable in the current environment".
The heavily indebted Shenzhen-based company said in a statement that the debt restructuring proposal it offered to offshore creditors in late December is in the best…
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