A tablet shows China Fortune Land Development’s logo. Photo: Shutterstock
A tablet shows China Fortune Land Development’s logo. Photo: Shutterstock

China Fortune Land restructuring plan for US$4.96 billion in offshore bonds provokes push-back from creditors

  • An ad hoc group of creditors is asking bondholders not to support the company’s proposal for restructuring offshore debt unless it is revised
  • The company proposes swapping US$4.96 billion in offshore bonds for new bonds with maturity of eight years

A tablet shows China Fortune Land Development’s logo. Photo: Shutterstock
A tablet shows China Fortune Land Development’s logo. Photo: Shutterstock
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