皇冠开户
热门标签

ug环球会员开户(www.ugbet.us):China developer Shimao looks to repay US$11.8bil debt over 3-8 years -sources

时间:1个月前   阅读:1   评论:2

ug环球会员开户www.ugbet.us)开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。

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.

,

欧博开户网址www.allbet8.vip),欧博网址开放会员注册、代理开户、电脑客户端下载、苹果安卓下载等业务。

,

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。

上一篇:皇冠怎么注册用户(www.hg108.vip)_王者荣耀:s28新赛季段位继承突变,30星以下玩家却哭了

下一篇:Telegram群发消息(www.tel8.vip):US \u2018deeply concerned\u2019 about violence on Syria-Turkey border

网友评论