欢迎到访阿拉善盟网!

首页社会正文

皇冠足球社区:China developer Shimao looks to repay US$11.8bil debt over 3-8 years -sources

admin2022-08-267

Hga030www.hg108.vip)是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。Hga030上登录线路最新、新2皇冠网址更新最快,Hga030开放皇冠会员注册、皇冠代理开户等业务。

People walk past the logo of Shimao Group in Shanghai. — Reuters

HONG KONG: Cash-strapped Chinese developer Shimao Group has proposed a two-class restructuring plan to offshore creditors to repay $11.8 billion over a period of three to eight years, according to two sources with direct knowledge of the matter and a document seen by Reuters.

Shanghai-based Shimao first missed a public offshore bond obligation last month. With an outstanding $6.1 billion worth of international bonds, Shimao is the sixth largest issuer among Chinese developers, according to Refinitiv.

The plan will, however, exclude $2.3 billion offshore debt including offshore project loans, and loans backed by onshore financial institutions or governed by mainland Chinese law.

Shimao did not respond to request for comment.

,

皇冠足球社区www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

,

Unhappy about the proposal, offshore creditors plan to request Shimao to treat all classes of offshore creditors equally, and refrain capital from flowing out from the offshore entities, according to one of the sources.

Creditors also plan to ask the company for an increase in the ratio of the amortized repayment, and a sweetener to enhance the credit profile of the debt, the person said.

Debtwire first reported on Tuesday about Shimao's restructuring terms that were communicated to some investors last Friday.

Under the proposed restructuring terms, Shimao would repay Class A debt, which are $4.65 billion worth of syndicated loans and guaranteed bilateral loans under an amortization schedule between 36 to 72 months.

A total of $7.13 billion Class B debt, which are all the public and private bonds and unguaranteed bilateral loans, would be repaid by six tranches of new notes worth 9% to 23% of the claims with maturities ranging between 39 to 93 months. - Reuters


转载说明:本文转载自Sunbet。

本文链接:http://www.kariteparis.com/post/26142.html

网友评论