학술논문
Kaisa defaults after china developer says can t pay dollar debts.
Document Type
Article
Author
Source
Subject
*Debt
*Dollar
*Debt relief
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*
Language
Abstract
Kaisa Group Holdings Ltd. became China's first real estate company to default on its U.S. currency debt, capping a month of distress in bond markets amid an anti-corruption probe and fueling concern that losses will spread. In the interim, rival Sunac China Holdings Ltd. agreed to buy a controlling 49.3 percent stake from the Kwok family on Jan. 30, subject to a debt restructuring that would require investors to accept lower coupons and defer repayment by up to five years. [Extracted from the article]