Men stand outside the headquarters of Chinese developer Fantasia Holdings in Shenzhen, Guangdong province, China on November 10, 2021. Photo: Reuters
Men stand outside the headquarters of Chinese developer Fantasia Holdings in Shenzhen, Guangdong province, China on November 10, 2021. Photo: Reuters

Chinese developer Fantasia plans US$4 billion restructuring with debt-to-equity swap, new dollar bonds to cure defaults

  • Plan includes US$1.3 billion debt-to-equity swap and new longer-term, lower-coupon offshore bonds, according to a stock-exchange filing
  • The Shenzhen-based company says it has approval from creditors holding 24.5 per cent of the aggregate principal amount of the outstanding bonds

Men stand outside the headquarters of Chinese developer Fantasia Holdings in Shenzhen, Guangdong province, China on November 10, 2021. Photo: Reuters
Men stand outside the headquarters of Chinese developer Fantasia Holdings in Shenzhen, Guangdong province, China on November 10, 2021. Photo: Reuters
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