Kaisa Debt Swap Offer; Discount Stock Sale: Evergrande Update
- Date: 26-Nov-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Kaisa Debt Swap Offer; Discount Stock Sale: Evergrande Update
(Bloomberg) -- Kaisa Group Holdings Ltd. offered to exchange at least $380 million in bonds for new notes maturing in 2023 in a bid to avert default, while the Chinese city of Chengdu rolled out measures to support the property sector. An unidentified China Evergrande Group shareholder raised about HK$669 million ($86 million) via a share placement at a steep discount.
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