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The sale was much needed by Kaisa, which ranks as the second-largest Chinese debtor on the offshore bond market, with US$11.4 billion of outstanding bonds and US$200 million of perpetual notes due in 2026. ....
BEIJING: In less than two years, Chinese property developer Kaisa Group Holdings Ltd has gone from being an up-and-coming player in Hong Kong’s property market to a desperate seller. ....
Embattled Chinese developer Kaisa Group Holdings has agreed to meet its offshore bondholders and discuss ways of repaying loans, including selling convertible bonds that can be exchanged for shares of Hong Kong’s Sing Tao News Corporation. ....
In the West, China holds growing sway over Chinese-language media economist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economist.com Daily Mail and Mail on Sunday newspapers.