China’s Sino-Ocean enters deal to restructure $5.6 billion offshore debt, – Homevior
Representative Image BENGALURU: State-backed Sino-Ocean Group has reached an agreement with some of its creditors to restructure offshore debt worth $5.64 billion, the Chinese real estate developer said on Thursday. The Beijing-based company will issue a new U.S. dollar-denominated term loan facility and notes worth $2.2 billion to its creditors, according to the proposal. The …
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