The Chinese builder of Kaisa began negotiations with creditors on debt restructuring

Moscow. December 20. information agency "Interfaks" - the Chinese builder of Kaisa Group Holdings Ltd. began negotiations on debt restructuring with creditors, without having managed to make payments on several issues of eurobonds. Kaisa has one of the largest dollar debts among the Chinese builders – about $11,6 billion. On Monday company reported that did not manage to extinguish in time (on December 7) issue of eurobonds of $400 million and to pay percent on them, and also delayed percentage payments for total amount more than $105 million even on three issues of eurobonds. Kaisa declared that conducts negotiations with...